Group 1 - The core point of the article is the strategic collaboration between Guangdong Lier New Materials Technology Co., Ltd. and Shun Control Group, marking a transition from capital partnership to governance integration, with the nomination of Mr. She Yingjie as a non-independent director of Lier Technology's board [1] - The collaboration follows a clear "three-step" path: signing a strategic cooperation framework agreement, completing share transfer, and now integrating governance through board participation [1][2] - The partnership aims to leverage complementary strengths in the value chain, particularly in high-growth sectors such as new energy vehicles and AI servers, to achieve synergistic effects [2] Group 2 - Shun Control Group has a strong foundation in overseas markets and is expanding its domestic business, while Lier Technology has a solid base in the domestic new energy market and is actively pursuing international expansion, creating effective market network synergies [3] - The nomination of Mr. She signifies a shift from being a strategic shareholder to participating in core decision-making, enhancing the competitive edge of both companies in a rapidly evolving manufacturing landscape [3] - The collaboration model exemplifies a typical industrial capital operation within the Shunde district, which encourages companies to embrace capital markets and shift from family to shareholder thinking [4] Group 3 - Shunde district has a robust ecosystem with 44 listed companies, representing a significant portion of the local economy, and a total market value of approximately 880 billion [4][5] - The district is fostering a multi-tiered capital market structure, with a focus on nurturing companies through various stages of listing and capital market engagement [5] - Current favorable macroeconomic conditions, including national policy support and improved regulatory efficiency, present a "golden window period" for companies to enter the capital market [5]

Group 1 - The board of Guangdong Lier New Materials Technology Co., Ltd. has nominated Mr. She Yingjie, founder and general manager of Guangdong Shiyun Circuit Technology Co., Ltd., as a non-independent director candidate for its third board, marking a significant transition from "capital marriage" to "governance integration" in their alliance with German capital [1] - Lier Technology, established in 2004, focuses on the research, manufacturing, and sales of functional adhesive films, flexible circuit boards, new energy coating foils, and carbon nanotubes, positioning itself as a high-tech enterprise in the functional materials sector [1] - The company has established three major industrial bases centered in Guangdong, radiating to central and southwestern regions, and is recognized as a leading player in the domestic functional materials niche [1] Group 2 - Mr. She Yingjie, born in 1957, has held various leadership roles, including general manager of Shenzhen Shiyun Circuit and chairman of Heshan Shiyun, and currently serves as chairman and general manager of Guangdong Shiyun Circuit Technology Co., Ltd. [3] - He founded Shiyun Circuit in Hong Kong in 1985 and expanded to Shenzhen in 1991, focusing on PCB and early investments in the new energy vehicle and AI sectors, becoming a supplier for major international companies like Tesla and Siemens [5] - In 2025, he was listed on the Hurun Rich List with a net worth of 7.5 billion yuan, maintaining his status as the richest person in Heshan, and has donated over 5 million yuan to support education and rural development [5]

Core Viewpoint - The nomination of She Yingjie as a non-independent director of Lair Technology marks a significant step in the governance collaboration between Lair Technology and Shiyun Circuit, following their strategic partnership established in July 2025, indicating a new phase of strategic synergy [1][2] Group 1: Strategic Collaboration - The entry of She Yingjie into Lair Technology's board is expected to enhance collaboration in customer and market aspects between the two companies [1] - Both companies aim to leverage their customer resources and market networks to jointly expand in the new energy vehicle market and strengthen their presence in emerging fields such as AI servers and low-altitude economy [1] Group 2: Market Positioning - Shiyun Circuit specializes in automotive-grade PCB products and has entered the supply chains of several global automotive companies, while Lair Technology's products are widely used in automotive electronics and new energy battery sectors [1] - The collaboration is anticipated to facilitate the integration of domestic and international markets, enhancing resource allocation and development [1] Group 3: Supply Chain Synergy - Both companies share a high degree of commonality in raw material usage, including significant quantities of copper and film substrates, which could lead to improved procurement scale advantages and enhanced supply chain resilience through joint purchasing and resource sharing [1]

Core Viewpoint - Guangdong Lair Technology Co., Ltd. is undergoing a share transfer where its controlling shareholder, Guangdong Tenail Investment Co., Ltd., will transfer 7,759,000 shares (5.00% of total shares) to Guangdong Shiyun Circuit Technology Co., Ltd. at a price of 19.74 yuan per share, totaling 153,162,660 yuan. This transfer does not involve a change in control or significant impact on the company's governance structure [1][2][3]. Summary by Sections Agreement Transfer Overview - The share transfer involves Guangdong Tenail Investment Co., Ltd. selling 7,759,000 shares to Guangdong Shiyun Circuit Technology Co., Ltd. at a price of 19.74 yuan per share, amounting to 153,162,660 yuan [2][3]. - Before the transfer, Tenail held 80,000,000 shares (51.55% of total shares), and after the transfer, it will hold 72,241,000 shares (46.55%) [1][2]. - Shiyun Circuit will hold 7,759,000 shares (5.00%) post-transfer, having held none prior [1][2]. Background and Purpose of the Transfer - Shiyun Circuit is a listed company on the Shanghai Stock Exchange, focusing on printed circuit boards (PCBs) and has expanded into high-growth sectors such as new energy vehicles and AI [2][3]. - The transfer aims to establish Shiyun Circuit as a strategic investor and long-term partner for Lair Technology, facilitating collaboration in automotive electronics, new energy batteries, and emerging fields like AI and robotics [3][4]. Strategic Cooperation Framework - The partnership will focus on joint research and development, optimizing product offerings in areas like "film + FFC + PCB" solutions, enhancing customer engagement and product performance [3][14]. - Both companies will leverage their customer resources in automotive electronics and new energy sectors to expand market coverage and enhance competitiveness [6][14]. - The collaboration will also explore supply chain synergies, aiming to improve procurement efficiency and stability [7][15]. Future Collaboration and Market Expansion - The strategic relationship is expected to drive joint market development, particularly in high-growth areas such as AI servers and low-altitude flying vehicles [6][14]. - Both companies will work together to identify potential acquisition opportunities in high-growth sectors, enhancing their market positions and long-term value [8][15]. Compliance and Approval Process - The share transfer is subject to compliance confirmation by the Shanghai Stock Exchange and registration with the China Securities Depository and Clearing Corporation [2][3].