Core Viewpoint - China Railway Signal and Communication Group Co., Ltd. (通号集团) plans to divest its entire stake in Kaifa Electric (凯发电气), amounting to 36.6869 million shares, which represents 11.63% of the total share capital after excluding shares in the company's repurchase account [1] Group 1: Shareholding Changes - The divestment will result in 通号集团 no longer holding any shares in Kaifa Electric, where it was the second-largest shareholder as of September 30 [1] - 通号集团 initially acquired shares in Kaifa Electric on December 26, 2018, through a share transfer agreement, purchasing 14.2263 million shares at a price of 6.45 yuan per share, totaling approximately 91.76 million yuan [2] - After subsequent investments in convertible bonds, 通号集团's total equity stake in Kaifa Electric was calculated to be 11.18% if all bonds were converted at the initial conversion price of 8.15 yuan per share [2] Group 2: Company Development Plans - Kaifa Electric recently announced a plan to raise 300 million yuan through a private placement to fund technology upgrades and the development of a power supply automation product platform [3] - The company is transitioning from traditional power supply automation systems to higher-value products, including intelligent power supply dispatch and smart monitoring systems, necessitating advanced technology [3] - The funds raised will support the establishment of an integrated production line for power supply automation products, enhancing product quality and reducing costs while aligning with national strategic goals for self-controlled technology [3]