Core Viewpoint - The company, Yingfang Microelectronics, plans to acquire 100% of Shanghai Xiaokeli Information Technology Co., Ltd. and FIRST TECHNOLOGY CHINA LIMITED through a combination of share issuance and cash payment, while also raising supporting funds [2][4]. Group 1: Transaction Details - The board of directors approved the asset acquisition and fundraising plan on January 19, with related auditing and valuation work still pending [4]. - The transaction is expected to constitute a major asset restructuring for the listed company, with specific recognition to be detailed in the restructuring report [4]. - The stock of Yingfang Microelectronics will resume trading on January 20, 2026, after being suspended [4]. Group 2: Business Overview - Prior to the restructuring, Yingfang Microelectronics was engaged in the distribution of electronic components and the research, design, and sale of integrated circuit chips [5]. - Shanghai Xiaokeli is a professional distributor of electronic components and application solutions, authorized by several global semiconductor brands [5]. - FIRST TECHNOLOGY CHINA LIMITED focuses on semiconductor equipment distribution, providing solutions for semiconductor packaging and electronic assembly [5]. Group 3: Strategic Implications - The acquisition targets are deeply involved in the core areas of the semiconductor industry, aligning closely with the company's main business [6]. - The restructuring is aimed at consolidating and strengthening the semiconductor distribution business, enhancing market share and expanding the product structure [6]. - Post-transaction, the company expects to improve its profitability, sustainable operational capacity, and resilience against market fluctuations [6]. - Before the suspension, the stock price was reported at 7.73 yuan per share, with a total market capitalization of 6.528 billion yuan [6].

Core Viewpoint - The company, Yingfang Microelectronics, plans to acquire 100% of Shanghai Xiaokeli Information Technology Co., Ltd. and FIRST TECHNOLOGY CHINA LIMITED through a combination of share issuance and cash payment, along with raising supporting funds [1][3]. Group 1: Transaction Details - On January 19, the company held its 13th Board of Directors' fourth meeting, where it approved the asset acquisition and fundraising plan [3]. - The transaction is expected to constitute a major asset restructuring, pending completion of auditing and valuation work [3]. - The company's stock will resume trading on January 20, 2026, after being suspended [3]. Group 2: Business Synergy - Prior to the restructuring, the company's main business included electronic component distribution and integrated circuit chip R&D, design, and sales [4]. - Shanghai Xiaokeli is a professional distributor of electronic components and application solutions, while FIRST TECHNOLOGY CHINA LIMITED focuses on semiconductor equipment distribution [4]. - The acquisition targets are deeply involved in the semiconductor industry, aligning well with the company's core business, enhancing its market position in electronic component distribution and expanding into semiconductor equipment distribution [4]. Group 3: Strategic Implications - The transaction is expected to strengthen the company's existing semiconductor distribution business and broaden its product offerings [4]. - Post-transaction, the company anticipates an increase in business scale and market share in electronic component distribution, as well as an expansion of its customer base [4]. - The acquisition aims to enhance the company's profitability, sustainable operational capacity, and resilience against risks and cyclical fluctuations [4].