Core Viewpoint - Lingzhi Software plans to acquire 100% equity of Kaimirui Technology through a combination of share issuance and cash payment, which is expected to constitute a significant asset restructuring [2][5]. Group 1: Transaction Details - The share purchase price is set at 15.31 yuan per share, which is not less than 80% of the average trading price over the last 60 trading days prior to the pricing benchmark [5]. - The transaction is anticipated to involve related party transactions, as certain parties will hold more than 5% of the company's shares post-transaction [5]. - The controlling shareholders of Kaimirui are Rao Xi and Dong Kunlin, who collectively control 61.94% of the equity [5]. Group 2: Strategic Intent - The acquisition aims to enhance Lingzhi Software's comprehensive service capabilities and market competitiveness in the financial technology sector, particularly in response to domestic financial institutions' needs for core system localization and data security [7]. - Lingzhi Software provides a full range of software development services across various financial sectors, while Kaimirui focuses on integrated solutions for financial institutions, including risk management and digital transformation [7]. Group 3: Financial Impact - Post-transaction, Lingzhi Software's total assets, net assets, revenue, and net profit are expected to improve, thereby enhancing its ongoing operational capabilities [8]. - As of Q3 2025, Lingzhi Software's total assets are projected to be 1.749 billion yuan, with net assets of 1.232 billion yuan, while Kaimirui's total assets are 366 million yuan and net assets are 195 million yuan [8]. - Kaimirui's recent financial performance shows a declining trend, with revenues of 292 million yuan, 229 million yuan, and 117 million yuan for 2023, 2024, and the first three quarters of 2025, respectively [11]. Group 4: Industry Challenges - The financial technology sector is experiencing increased competition, leading to aggressive pricing strategies that may compress profit margins and pose risks to Kaimirui's profitability and service quality [13]. - Lingzhi Software has indicated that if the industry continues to face persistent price competition, it could erode Kaimirui's reasonable profits and impact its long-term market competitiveness [13].

【 导读 】凌志软件拟购买凯美瑞德100%股权， 自11月11日开市起复牌 中国基金报记者 闻言 11月10日 晚间 ，凌志软件 发布的交易预案显示， 公司 拟 通过发行股份及支付现金的方式，购买凯美瑞德（苏州）信息科技股份有限公 司 （ 以下简称凯美瑞德 ） 100% 的 股权，并募集配套资金，预计构成重大资产重组。 凌志软件拟通过本次交易，提升在金融信创领域的核心竞争力及产品化水平，但凯美瑞德在近年来的业绩呈现下滑趋势，所处行业面临价 格压力与盈利空间收窄的挑战。 凌 志 软 件 自 1 0 月 2 8 日 开 市 起 停 牌，计 划 自 1 1 月 1 1 日 开 市 起 复 牌 。 截 至 1 0 月 2 7 日 收 盘，凌 志 软 件 股 价 报 1 7.7 7 元 / 股，涨 幅 达 3. 0 7 %，总 市 值 为 7 1.0 8 亿 元 。 预计构成关联交易 拟借交易提升竞争力 交易预案显示，本次交易中发行股份购买资产的价格为15.31元/股，不低于定价基准日前60个交易日凌志软件股票交易均价的80%。 凌志软件公告称，经初步测算，交易完成后部分交易对方及其一致行动人所持公司股份比例超过5%。 ...