Core Viewpoint - The company, Minbao Optoelectronics, is planning to acquire 100% equity of Xiamen Xazhi Precision Technology Co., Ltd. and Jiangxi Maida Intelligent Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising matching funds [1] Group 1: Acquisition Details - The acquisition targets, Xiamen Xazhi and Jiangxi Maida, focus on the research, production, and sales of micro drill needles, which are essential consumables in PCB manufacturing [1] - The company has signed a Letter of Intent for Acquisition with the counterparties, indicating a commitment to proceed with the purchase of the target companies [1] Group 2: Industry Context - PCB drill needles serve a critical function in PCB manufacturing by enabling precise drilling to create connections between circuit board layers, which is fundamental for signal transmission and functional integration of electronic components [1] - The company specializes in high-end drill needle research and production, particularly excelling in the development and manufacturing of ultra-small diameter micro drills used in PCB, FPC, IC substrates, and AI PCB processing [1]

Core Viewpoint - The company Minexplosion Optoelectronics (301362.SZ) is planning to issue shares and pay cash to acquire assets and raise matching funds, with its stock set to be suspended from trading starting January 19, 2026 [1] Group 1: Acquisition Details - The target companies for the acquisition are Xiamen Zhizhi Precision Technology Co., Ltd. and Jiangxi Maida Intelligent Technology Co., Ltd. [1] - Both target companies focus on the research, production, and sales of micro drill needles, specializing in core consumables for PCB manufacturing [1] Group 2: Industry Significance - PCB drill needles are essential core consumables in PCB manufacturing, enabling precise drilling to create inter-layer connections on circuit boards [1] - These components are fundamental for signal transmission and functional integration in electronic devices [1] Group 3: Product Specialization - The companies involved are high-tech enterprises dedicated to the R&D and production of tungsten steel micro drills for PCB, FPC, IC substrates, and AIPCB processing [1] - Their core products cover sizes from 0.09mm to 0.35mm, with a particular expertise in micro drills with diameters below 0.20mm [1]