Core Viewpoint - Company plans to acquire a 31% stake in Zhuhai Noah Changtian Storage Technology Co., Ltd. for a total transaction amount of RMB 144 million, aiming to gain control over the company and indirectly control SHM, a semiconductor enterprise focused on high-performance storage products [1][1][1] Group 1: Acquisition Details - The acquisition will increase the company's ownership in the target company to 51%, achieving control [1][1] - The transaction amount for the acquisition is RMB 144 million [1][1] Group 2: Target Company Overview - SHM is a Hong Kong-registered semiconductor company specializing in high-performance 2D NAND and derivative storage products [1][1] - The core competencies of SHM include firmware algorithm development, storage chip testing solutions, integrated packaging design, and customized storage products [1][1] - SHM's products are widely used in industrial control, home appliance security, wearables, and smart terminals [1][1] Group 3: R&D Investment - In the first three quarters of 2025, the company invested RMB 224 million in R&D, representing a year-on-year increase of 29.93% [1][1] - The company is advancing existing product line projects and developing new product lines such as VCM Driver and SPD [1][1]

Core Viewpoint - The company, Puran Co., Ltd. (688766.SH), primarily focuses on non-volatile memory chips, including NOR Flash and EEPROM, as well as MCU and VCM Driver products, which are widely used in various sectors such as mobile phones, computers, industrial control, communications, and the Internet of Things [1] Product Line Summary - The current product line of the company includes two main categories: NOR Flash and EEPROM non-volatile memory chips, along with MCU and VCM Driver products [1] - These products are utilized across multiple applications, including mobile devices, computing systems, industrial control, communication technologies, and IoT [1] Research and Development Summary - The company has not engaged in the research, development, production, or sales of HBM (High Bandwidth Memory) related technologies or products [1] - The company adheres strictly to information disclosure regulations, ensuring that all business developments are communicated through official announcements and periodic reports [1]