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]