Group 1 - Qin'an Co. plans to acquire 99% of Yigao Co. through a combination of share issuance and cash payment, with the stock being suspended from trading starting June 30 [1][3] - On June 27, Qin'an's stock price reached a peak increase of 7.85%, closing at 16.48 yuan per share, resulting in a total market capitalization of 7.231 billion yuan [1] - The acquisition is expected to constitute a related party transaction, as the controlling shareholder of Yigao, Rao Yiran, holds a significant stake in both companies [3][6] Group 2 - Yigao Co. specializes in the research, production, and sales of vacuum coating products, with applications in various fields including automotive and electronics [9][10] - The company was established in August 2020 with a registered capital of 68.6215 million yuan [9] - Qin'an Co. has faced declining performance, with net profit attributable to shareholders dropping by 33.70% and 32.73% in the first quarters of 2024 and 2025, respectively [10]

Core Viewpoint - Qin'an Co., Ltd. plans to acquire 99% of Anhui Yigao Optoelectronic Technology Co., Ltd. through a combination of issuing shares and cash payment, with the transaction currently in the planning stage and expected to involve related party transactions [2][3][8]. Group 1: Acquisition Details - The acquisition is expected to be completed through the issuance of shares and cash payment, with the company planning to raise matching funds [2][3]. - Qin'an Co. will suspend trading of its shares starting June 30, with the suspension expected to last no more than 10 trading days [5][22]. - Prior to the suspension announcement, Qin'an Co.'s stock price reached a peak increase of 7.85%, closing at 16.48 yuan per share, giving it a total market value of 72.31 billion yuan [5][22]. Group 2: Related Party Transactions - The transaction is anticipated to constitute a related party transaction, as it may result in the transaction counterparties and their concerted actors holding more than 5% of the company's shares [8][17]. - The core management team of Yigao is expected to acquire shares in Qin'an Co. through this transaction, with some members potentially holding over 5% of the shares [17][18]. Group 3: Yigao Company Overview - Yigao was established on August 25, 2020, with a registered capital of 686.215 million yuan, focusing on the research, production, and sales of vacuum coating products and related technologies [21]. - The products of Yigao are applicable in various fields, including automotive, semiconductor, aerospace, microelectronics, and optoelectronics [21]. - The vacuum coating technology can enhance the energy density and safety of lithium-ion batteries, particularly in the context of renewable energy applications [21]. Group 4: Qin'an Co. Financial Performance - Qin'an Co. has experienced declining financial performance, with net profit attributable to shareholders decreasing by 33.70% and 32.73% year-on-year in 2024 and the first quarter of 2025, respectively [22][25]. - The company's revenue for 2024 was approximately 1.6 billion yuan, down 8.04% from the previous year, with a net profit of approximately 172.86 million yuan [23][25].