Core Viewpoint - Zhishang Technology is planning a significant asset restructuring by acquiring control of Shenzhen Hengyang Data Co., Ltd. through a combination of issuing shares and cash payments, which is expected to enhance its position in the optical communication industry, deemed essential for AI development [2][4]. Group 1: Company Overview - Zhishang Technology was established on December 8, 2009, and was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on July 7, 2023. The company focuses on three main business areas: entertainment consumer electronics, optical communication, and precision manufacturing of automation equipment [10]. - The company aims to strengthen its research and production in the optical communication sector, with products including MPO connectors, multi-core MPO jumpers, single-core bundled fiber jumpers, and optical splitters [10]. Group 2: Financial Performance - For the first three quarters of 2024, Zhishang Technology reported a revenue of 726 million yuan, representing a year-on-year increase of 95.51%. The net profit attributable to shareholders was approximately 59.71 million yuan, showing a growth of 4.98% compared to the previous year [10][11]. - The optical fiber connector business has rapidly developed and become a significant growth driver for the company's performance [10]. Group 3: Strategic Moves - The acquisition of Hengyang Data is part of Zhishang Technology's strategy to deepen its involvement in the optical communication industry, which is considered a foundational element for AI and digital economy advancements [2][9]. - Hengyang Data specializes in intelligent computing and data processing, providing solutions for telecommunications operators, government security, and internet sectors, with partnerships including major telecom operators and companies like IBM and Intel [9]. Group 4: Transaction Details - Zhishang Technology has signed a memorandum of cooperation with the major shareholders of Hengyang Data, indicating that the final transaction price will be based on an asset evaluation report from a qualified institution [4][6]. - The company plans to suspend trading from April 8, 2024, for no more than 10 trading days, with a commitment to disclose relevant information and apply for stock resumption by April 22, 2024 [8].