**Daily Market Updates**
**1. Amlogic Plans Acquisition of Xinmai Micro Semiconductor**
Amlogic (Shanghai) Co.,Ltd. plans to acquire 100% equity of Xinmai Micro Semiconductor (Jiaxing) Co., Ltd. for a total consideration of RMB 316 million in cash. Upon completion, Xinmai Micro will become a wholly-owned subsidiary of Amlogic and be included in the consolidated financial statements. Xinmai Micro possesses an excellent core team and established R&D capabilities in wireless communications, with extensive technical expertise and comprehensive product solutions in IoT, Internet of Vehicles, and mobile intelligent terminals. The company has completed tape-out for six chip models, with one chip product already generating revenue in IoT modules, intelligent student cards, and mobile intelligent terminal applications. As a platform-level SoC chip solution provider, Amlogic will achieve deep synergy and complementarity in technical capabilities through this acquisition.
**2. Kingdee International Announces Yunzhijia Acquisition**
Kingdee International announced the acquisition of approximately 63% equity stake in Yunzhijia Network (Chongqing) Co., Ltd. for RMB 68 million. This acquisition represents a key step in Kingdee's "AI-first, subscription-first, globalization" strategy, aimed at strengthening AI capabilities throughout enterprise management processes and accelerating transformation into an "Enterprise Management AI Platform." Yunzhijia, an enterprise social and collaboration platform incubated from Kingdee's ecosystem, has maintained long-term cooperation with Kingdee and built a mature technology system in "AI + Management," covering natural language processing and intelligent approval processes, with deep integration into Kingdee Cloud products to enhance intelligent decision-making and automation levels. Kingdee stated that Yunzhijia's mobile collaboration capabilities will complete the "last mile" of enterprise management AI, enabling seamless migration of enterprise management applications to mobile platforms.
**3. Puya Semiconductor Plans SHM Holdings Acquisition**
Puya Semiconductor plans to acquire partial equity stakes in the target company from three investment partnerships through cash payment to achieve controlling interest and indirect control of SHM. Upon completion, both the target company and SHM will be included in Puya Semiconductor's consolidated financial statements. Puya currently holds 20% direct equity in the target company and 20% investment share in one of the partnerships. The target company holds 100% equity in SHM, a Hong Kong-registered semiconductor company specializing in high-performance 2D NAND and derivative storage products and solutions for mid-to-high-end applications, with complete business operations and independent sustainable operating capabilities.
**4. Jiayun Technology Subsidiary Acquires Remaining Beijing Wanhe Stake**
Jiayun Technology's wholly-owned subsidiary Shenzhen Jiayun Wanhe Media Co., Ltd. signed an equity transfer agreement with Beijing Yuzhuo Information Technology Co., Ltd. to acquire 40% equity in Beijing Jiayun Wanhe Technology Co., Ltd. for RMB 1.14 million. Following completion, Shenzhen Wanhe will hold 100% equity in Beijing Wanhe, with no changes to the consolidated financial statements scope.
**5. Galaxy Magnet Plans Jingdu Longtai Acquisition**
Galaxy Magnet is planning to issue shares and pay cash to purchase 100% equity of Sichuan Jingdu Longtai Technology Co., Ltd., along with raising supporting funds. This transaction will not result in changes to the company's actual controlling shareholder. To protect investor interests and avoid significant impact on securities trading, the company's securities have applied for suspension from market opening.
**6. Lanke Hi-tech Plans Asset Acquisition from China Pudong Development**
Gansu Lanke Petrochemical Hi-tech Equipment Co., Ltd. plans to acquire 100% equity of Mechanical Industry Shanghai Lanya Petrochemical Equipment Testing Co., Ltd. and 51% equity of China Air Separation Engineering Co., Ltd. held by China Pudong Development Machinery Industry Co., Ltd. through cash payment. This transaction aims to enhance the company's capabilities in inspection and testing services and specialized engineering contracting. The company and related parties are actively advancing reorganization work, including scheme demonstration, auditing, evaluation, and due diligence. The frozen assets have been unfrozen with consent from pledge holders for pledge release, while negotiations continue on transaction schemes and agreement details.
**7. Tianrun Industry Acquires Shandong Aertai Equity**
Tianrun Industry Technology Co., Ltd. acquired 100% equity of Shandong Aertai Auto Parts Co., Ltd. for RMB 135 million using proprietary funds. The transaction is completed in two tranches, with the first tranche completed, giving Tianrun Industry 95% equity while Jiangsu Dongxi Engine Parts Co., Ltd. holds 5% equity pledged to Tianrun Industry. Shandong Aertai has completed industrial and commercial registration changes and obtained a new business license.
**8. ST Quanwei Plans Anhui Quanwei Equity Sale**
Guangdong Quanwei Technology Co., Ltd. and other shareholders of Anhui Quanwei Green Energy New Energy Technology Co., Ltd. plan to sell 100% equity of Anhui Quanwei to Shanghai Yinggu Asset Management Co., Ltd. Currently in preliminary planning stages, parties have signed an equity transfer framework agreement. While due diligence and scheme demonstration are underway, specific transaction schemes require further negotiation without formal agreements signed yet.
**9. Longyang Electronics Completes Deyou New Materials Acquisition**
Longyang Electronics (Kunshan) Co., Ltd. completed the acquisition of 70% equity of Suzhou Deyou New Materials Technology Co., Ltd. through cash payment, constituting a major asset restructuring but not involving related-party transactions. As of the announcement date, asset transfer procedures have been completed with full transaction consideration paid according to the equity acquisition agreement.
**10. United Precision Plans Maite Aviation Acquisition**
Guangdong Yangshan United Precision Manufacturing Co., Ltd. plans to acquire 51% equity of Chengdu Maite Aviation Manufacturing Co., Ltd. through cash payment, having signed a share acquisition letter of intent with controlling shareholder Qiu Tinggui. Maite Aviation specializes in R&D and manufacturing of aerospace standard parts and structural components. This acquisition aims to enhance United Precision's participation in aviation and defense equipment sectors while leveraging synergies in precision manufacturing capabilities.
**11. Haili Bio Adjusts Ruisheng Bio Acquisition Price**
Shanghai Haili Biotechnology Co., Ltd. signed a supplementary agreement with Meilun Management Co., Ltd. to adjust the acquisition price for 55% equity of Shaanxi Ruisheng Biotechnology Co., Ltd. Due to intensified industry competition and tightened tax incentive policies affecting Ruisheng Bio's performance, the original acquisition valuation no longer reflects true value. Following reassessment, total shareholder equity value was adjusted from RMB 1.7 billion to RMB 974 million, with transaction price adjusted from RMB 935 million to RMB 535.7 million.
**12. Shangluo Electronics Subsidiary Acquires Guangzhou Ligong Technology Control**
Nanjing Shangluo Electronics Co., Ltd.'s wholly-owned subsidiary Changying Holdings (Nanjing) Co., Ltd. plans to acquire 88.79% equity of Guangzhou Ligong Technology Co., Ltd. through direct and indirect means for RMB 708.879 million, funded by proprietary funds and external financing. Upon completion, Ligong Technology will become a controlling subsidiary of Shangluo Electronics.
**13. San'an Optoelectronics Acquires Global LED Company Stake**
San'an Optoelectronics Co., Ltd. received regulatory inquiry from Shanghai Stock Exchange regarding equity acquisition matters. The target company is a globally renowned LED enterprise specializing in automotive lighting, camera flash, and specialty lighting LED products, experiencing losses due to low capacity utilization and high costs. San'an Optoelectronics plans to improve target company performance through cost reduction and operational optimization.
**14. Longjian Shares Plans Guangdong Zhimao Construction Acquisition**
Longjian Road & Bridge Co., Ltd. plans to acquire 100% equity of Guangdong Zhimao Construction Engineering Co., Ltd. from Maoming Gangsheng Engineering Consultant Co., Ltd. for RMB 40,000 in cash. This acquisition aims to expand into new regional markets and advance business layout outside the province. Upon completion, Guangdong Zhimao will become a wholly-owned subsidiary, providing municipal and construction second-class general contracting qualifications beneficial for regional market development.