Core Viewpoint - The company, Quzhou Development, plans to acquire 95.4559% of Xian Dao Electronic Technology Co., Ltd. through a private placement, raising up to 3 billion yuan in supporting funds, aiming to enhance its business structure towards advanced manufacturing in the hard technology sector [1][3]. Group 1: Acquisition Details - Quzhou Development intends to purchase shares from 48 enterprises, including Xian Dao Materials and CICC Xian Dao, to acquire a majority stake in Xian Dao Electronic Technology [1]. - The estimated valuation for 100% of the target company's equity is not to exceed 12 billion yuan [4]. Group 2: Business Strategy - Prior to this transaction, Quzhou Development operated under a dual business model of "real estate + high-tech investment," using stable cash flow from real estate to support long-term growth in high-tech industries [3]. - The acquisition of Xian Dao Electronic Technology is expected to strengthen the company's business chain and expand its scope into advanced new materials, facilitating a transition towards hard technology manufacturing [3]. - Post-restructuring, Quzhou Development aims to establish a dual-engine growth model of "technology manufacturing + stable real estate," enhancing its resilience for sustainable development [3].