Core Viewpoint - The company Blue Shield Optoelectronics has decided to terminate its planned acquisition of equity in Star Semiconductor for 80 million yuan due to internal and external considerations, aiming to protect the interests of its shareholders, particularly minority shareholders [1][3]. Group 1: Transaction Details - Blue Shield Optoelectronics announced the termination of its plan to purchase part of the equity of Shanghai Star Semiconductor, which has been renamed Shanghai Star Semiconductor Co., Ltd. [3]. - The acquisition was intended to involve a cash payment of 80 million yuan for equity corresponding to a registered capital of 782,800 yuan held by Zhuhai Luoheng Investment Partnership [3]. - The decision to terminate the transaction was made after careful consideration and discussions with Zhuhai Luoheng, and it will not adversely affect the company's financial status or operating results [3]. Group 2: Company and Financial Performance - Star Semiconductor, established in 2020, focuses on 5G/6G communication technologies, providing competitive integrated baseband chip solutions for various applications [3][4]. - The company has completed six rounds of financing since its inception, raising over 1.7 billion yuan from notable investment firms [4]. - In the first three quarters of the year, Star Semiconductor reported total revenue of 272 million yuan, a year-on-year decrease of 21.33%, and a net loss attributable to shareholders of 59.02 million yuan [4]. - Blue Shield Optoelectronics reported a basic earnings per share of -0.3197 yuan and a weighted average return on equity of -2.99% during the same period [4].

Core Viewpoint - The company, 蓝盾光电, has decided to terminate the cash transaction of 80 million yuan for acquiring equity in 星思半导体, despite being a shareholder with a 4.95% stake in the latter [2][5]. Group 1: Transaction Details - The investment intention letter was signed in July 2024, and the transaction has been in negotiation for nearly a year and a half [2][7]. - The company planned to pay 80 million yuan to acquire 3.4783% of 星思半导体's equity, corresponding to a registered capital of 782,800 yuan [7]. - The termination of the transaction was influenced by the company's and 星思半导体's situations, aiming to control investments and protect the interests of all shareholders, especially minority shareholders [5][4]. Group 2: Company Background - 星思半导体, established in 2020, focuses on 5G/6G communication technology, providing competitive integrated baseband chips and solutions for various applications, including satellite communication and industrial IoT [10]. - The company has completed six rounds of financing since its inception, raising over 1.7 billion yuan, with notable investors including 高瓴, 鼎晖, and 纪源资本 [10]. - 星思半导体 is expected to achieve large-scale commercial use of its chips by 2025, with ongoing testing and validation by major clients [8]. Group 3: Future Prospects - The company is set to release new Ka modules and solutions at the 2025 Satellite Application Conference, focusing on satellite communication core technologies and expanding application scenarios [11]. - The strategic decision to terminate the acquisition aligns with the company's long-term vision of enhancing its stake in 星思半导体 and fostering business cooperation [8][5].