Core Viewpoint - Shanghai Zhengfan Technology Co., Ltd. has made progress in acquiring a 62.2318% stake in Liaoning Hanjing Semiconductor Materials Co., Ltd. for a total transaction amount of RMB 1.12 billion, which will make Hanjing Semiconductor a subsidiary of Zhengfan Technology [3][6]. Group 1: Transaction Details - The acquisition agreement was signed on August 14, with five shareholders of Hanjing Semiconductor [3]. - The transaction amount is RMB 1.12 billion, and the deal will result in Hanjing Semiconductor becoming a controlling subsidiary of Zhengfan Technology [3]. - The valuation of Hanjing Semiconductor was assessed at RMB 1.905 billion, resulting in a substantial appreciation rate of 640.46%, significantly higher than the average in the industry [6][7]. Group 2: Company Background - Zhengfan Technology specializes in high-tech industries such as integrated circuits, semiconductor, biomedicine, new energy, and advanced manufacturing, focusing on ultra-pure fluid media and related core technologies [6]. - Hanjing Semiconductor was established in 2022 by the core team of the former Shenyang Hanke Semiconductor Materials Co., Ltd., focusing on high-purity quartz materials and silicon carbide ceramic materials [8]. - Hanjing Semiconductor completed an asset transfer agreement with Hanke Semiconductor in October 2024, acquiring relevant assets and ceasing Hanke's production operations [8].