Core Viewpoint - The company,沃特股份, plans to acquire 100% of the shares of华尔卡密封件制品(上海)有限公司 for 25.716 million yuan to strengthen its position in the semiconductor industry and enhance global competitiveness [1][2]. Group 1: Acquisition Details - The acquisition will be funded through the company's own or raised funds, totaling 25.716 million yuan, including tax [1]. - The target company,密封件公司, was established in December 2000 with a registered capital of 1.15 billion yen and operates as a wholly foreign-owned limited liability company [1][2]. - The company specializes in producing various sealing products, activated carbon boards, and fluororesin products, among others [1]. Group 2: Strategic Importance - The acquisition is expected to positively impact the company's business development, leveraging密封件公司的 established reputation in the semiconductor and nuclear energy sectors [2]. - The location of密封件公司 in the松江出口加工区, a national-level export processing zone, allows the company to benefit from the concentration of electronic information manufacturing enterprises [2]. Group 3: Operational Benefits -密封件公司 has existing production facilities, including cleanrooms and office spaces, which will address production space shortages for semiconductor products [3]. - The acquisition will enhance the company's ability to expand its fluorine materials into high-end applications, leveraging密封件公司的 brand reputation and application cases [3]. - The company aims to attract high-end talent in the Shanghai area to optimize team structure and accelerate product and technology development [3].

Transaction Overview - Shenzhen Water New Materials Co., Ltd. plans to acquire 100% equity of Walka Sealing Products (Shanghai) Co., Ltd. for a total consideration of RMB 25.716 million (including tax) [1][2] - The acquisition aims to strengthen the company's position in the semiconductor industry and enhance its global competitiveness [1][18] - The transaction is classified as a major asset restructuring and requires approval from the company's shareholders [2][21] Target Company Information - Walka Sealing Products (Shanghai) Co., Ltd. was established on December 21, 2000, with a registered capital of 115 million Japanese yen [3][4] - The company specializes in the production of various sealing products and fluororesin products, serving advanced manufacturing industries [4][18] - Prior to the acquisition, Walka Co., Ltd. was the sole shareholder of the target company [3][4] Financial Performance - As of June 30, 2025, the target company's total assets were RMB 49.5686 million, with total liabilities of RMB 22.8293 million, resulting in total equity of RMB 26.7394 million [5][6] - The target company reported a revenue of RMB 2.76565 million and a net loss of RMB 2.58223 million for the first half of 2025 [5][6] Valuation and Pricing - The target company's net asset value was assessed at RMB 26.7394 million, with an appraisal value of RMB 48.2842 million, indicating an appreciation of RMB 21.5449 million (an increase of 80.57%) [7][8] - The final transaction price was determined based on the audited net asset value as of June 30, 2025, and was agreed upon through negotiation [7][8] Strategic Implications - The acquisition is expected to enhance the company's capabilities in high-end sealing products, which are critical for the semiconductor and nuclear energy industries [18][19] - The target company operates in a strategic location within the Shanghai Songjiang Export Processing Zone, which is advantageous for the company's supply chain and talent acquisition [18][19] - The transaction will allow the company to expand its fluorine materials into downstream applications, thereby enriching its service capabilities [19][20]