Core Viewpoint - *ST Huawang has completed the acquisition of 50.11% equity in Niwei Power, integrating it into its consolidated financial statements, marking a strategic shift towards the new energy sector [1][2]. Group 1: Business Transformation - *ST Huawang has been focusing on the ecological landscape sector for over 20 years, but has faced challenges such as reduced project orders and shrinking profit margins in its traditional landscaping business [2]. - The company has initiated a restructuring process to divest non-performing assets and improve its asset structure, leading to a rapid increase in the proportion of liquid assets [2]. - The management has set a strategic direction to embrace green principles and accelerate the transition to new productive forces, with a focus on new energy vehicle components [2]. Group 2: New Energy Sector Expansion - The acquisition of Niwei Power is seen as a crucial step for *ST Huawang to overcome the bottlenecks in its traditional landscaping business and align with the national "dual carbon" strategy [2]. - Niwei Power specializes in high-pressure metal fuel tanks, which are essential for the fuel efficiency and emission compliance of hybrid vehicles, and has established a strong market presence with major automotive brands [3]. Group 3: Diversified Business Layout - *ST Huawang has signed an agreement to purchase inertial sensor modules and related equipment, while also establishing new companies focused on MEMS sensor development, particularly for automotive applications [4]. - The company is expanding into the green energy sector by increasing its investment in Sichuan Tuo Wei Ju Neng Electric Power Co., enhancing its green low-carbon industry layout [4]. - The diversified approach aims to create a business matrix covering new energy vehicles, semiconductors, and energy storage, targeting key segments for competitive advantage [5]. Group 4: Synergistic Development - The company anticipates that its various business segments will benefit from synergies, enhancing growth momentum and resilience [5]. - The established supply chain relationships with automotive brands through Niwei Power will facilitate customer acquisition for the newly developed automotive-grade sensors [5]. - The integration of intelligent sensor technology into energy storage systems is expected to improve safety and energy efficiency, further solidifying *ST Huawang's competitive edge [5].

Group 1 - The company *ST Huawang is undergoing a significant asset restructuring by purchasing 55.50% equity of Anhui Niwei Automotive Power System Co., Ltd. (Niwei Power) through cash payment [1] - The restructuring implementation subject has been changed from *ST Huawang to Suzhou High-tech Zone Chenshun Haojing Management Consulting Co., Ltd. (Shunjing Management) to enhance efficiency and expedite the equity transfer [1] - Shunjing Management, a wholly-owned subsidiary of *ST Huawang, will acquire 50.11% equity of Niwei Power and aims to bid for an additional 5.39% equity held by Jiu Control Capital and Angel Fund [1] Group 2 - Niwei Power is a leading supplier in the high-pressure fuel tank segment for new energy hybrid vehicles, with revenue increasing from 320 million yuan in 2023 to 707 million yuan, and net profit rising from 16.99 million yuan to 75.99 million yuan [2] - The acquisition is expected to help the company establish a dual business structure of "ecological engineering + new energy components," providing a new foundation for business development and performance growth [2] - The company has signed an asset transfer agreement with Suzhou Yiboda Micro System Technology Co., Ltd. (Yiboda) to acquire existing mature inertial sensor modules and related equipment for 3.8 million yuan, which constitutes a related party transaction [2][3] Group 3 - Yiboda specializes in MEMS sensor design, manufacturing, and testing, with core capabilities covering the entire industry chain and applications in various fields including automotive, energy, and aerospace [3] - The asset purchase and related party transaction are expected to reduce costs and time for the company, accelerating the introduction of new products and enhancing the future industrial chain construction and upgrade [3]

Core Viewpoint - The company intends to purchase inertial sensor modules and related production equipment from a related party for a total contract amount of 3.8 million yuan, which is expected to reduce costs and accelerate the introduction of new products [1][2][6]. Summary by Sections 1. Overview of Related Transactions - The company’s wholly-owned subsidiary, Suzhou Shunjing Integrated Circuit Co., Ltd., will acquire inertial sensor modules and related equipment from Suzhou Yiboda Micro System Technology Co., Ltd. for 3.8 million yuan [1][2]. - This transaction is classified as a related party transaction due to the involvement of the company's actual controller, Xu Liang, who is a director of Yiboda [1][3]. - The transaction does not meet the criteria for a major asset restructuring as defined by relevant regulations [1][2]. 2. Financial Information of the Transaction - The total amount of related transactions with the same or different related parties in the past 12 months, excluding this transaction, did not exceed 0.5% of the company's latest audited net assets [2][3]. - The transaction is expected to reduce costs and time for new product launches, thereby enhancing the company's production capabilities and supporting future industry chain upgrades [2][6]. 3. Details of the Transaction Assets - The assets being acquired include various testing and calibration equipment, which have been purchased at market prices from 2022 to 2025 and are in good condition [5][6]. - The book value of the equipment as of June 30, 2025, is approximately 2.1 million yuan, while the inventory has a book value of about 1.5 million yuan [5][6]. 4. Valuation and Pricing of the Transaction - The transaction price of 3.8 million yuan was determined based on an asset valuation report, which estimated the market value of the assets at approximately 3.89 million yuan [8][9]. - The valuation was conducted by Wanlong (Shanghai) Asset Appraisal Co., Ltd., using cost and market approaches [8][9]. 5. Agreement and Compliance - The agreement includes provisions for the transfer of inventory and production materials, as well as a three-year license for the use of related intangible assets [9][10]. - The transaction was approved by the company's independent directors and does not require further shareholder approval [10][11]. 6. Historical Related Transactions - The company has previously engaged in three related transactions with enterprises controlled by Xu Liang, including investments in joint ventures [11][12].

*ST花王公告，全资子公司苏州顺景集成电路有限公司拟向苏州亿波达微系统技术有限公司购买惯性传 感器模组、系统（IMU、P-Box）相关研发及生产仪器设备等，合同金额380万元。亿波达为公司实际控 制人徐良先生担任董事并实际控制的公司，本次交易构成关联交易。本次交易有利于减少公司成本及时 间投入，加快实现新产品落地，从而加速公司新质生产力产业的快速导入，并助力公司完善未来产业链 的构建与升级。本次交易已经公司第五届董事会独立董事专门会议第五次会议及第五届董事会第八次会 议审议通过，无需提交公司股东会审议。 ...