Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire a controlling stake in Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of share issuance and cash payment, with the stock and convertible bonds set to be suspended from trading starting November 24, 2025 [1][2][3]. Company Overview - Kaizhong Co., Ltd. has a current stock price of 13.08 yuan and a market capitalization of 3.506 billion yuan [1]. - Anhui Tuosheng has an annual output value exceeding 500 million yuan and serves high-profile clients such as BYD and NIO [2][3]. - The acquisition involves purchasing 60% of Anhui Tuosheng's equity, with the transaction price based on an asset appraisal report [3]. Financial and Operational Details - The company plans to raise funds from no more than 35 specific investors to finance the acquisition [3]. - Anhui Tuosheng was established in 2013 with a registered capital of 30 million yuan and is located in Guangde City, Anhui Province, covering an area of 84.46 acres [3]. - The company specializes in the research, production, and sales of rubber shock-absorbing components for automobiles and home appliances [3]. Client and Market Position - Anhui Tuosheng's client list includes major automotive manufacturers such as SAIC-GM, GAC, and Geely, and its products are exported to countries including the USA, Germany, and Japan [4]. - The company has been recognized as a high-tech enterprise multiple times and has received various awards for its operational excellence [4]. Ownership and Control - The actual controller of Anhui Tuosheng is Zhu Cheng, who is also the son of Huang Yuejiao, a significant shareholder of Kaizhong Co., Ltd. [5][6]. - Huang Yuejiao has played a crucial role in Kaizhong's development since its inception and was one of the initial investors [6].

Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, with the stock and convertible bonds set to be suspended from trading starting November 24, 2025 [2][3][6]. Group 1: Acquisition Details - The acquisition involves purchasing 60% of Anhui Tuosheng's equity, with the transaction price to be determined based on an asset evaluation report [4][6]. - The company aims to raise funds from no more than 35 specific investors to finance the acquisition [3][6]. - The transaction is expected to be classified as a major asset restructuring but will not change the actual controller of Kaizhong [6]. Group 2: Anhui Tuosheng Overview - Anhui Tuosheng has an annual output value exceeding 500 million yuan and serves notable clients such as BYD and NIO [2][6]. - Established in 2013 with a registered capital of 30 million yuan, Anhui Tuosheng specializes in the R&D, production, and sales of rubber damping components for automobiles and home appliances [6]. - The company has received multiple recognitions, including high-tech enterprise certifications and rankings among the top enterprises in Guangde County [7]. Group 3: Ownership and Relationships - The actual controller of Anhui Tuosheng, Zhu Cheng, is the son of Huang Yuejiao, a significant shareholder and founding member of Kaizhong [8][12]. - Historical documents indicate that there is no competitive relationship between Kaizhong and Anhui Tuosheng, as their product lines serve different applications [12].