1. IB Settlement's Keen Golden Plans to Acquire SAI US INC Keen Golden Limited, a joint venture under IB Settlement with a 70% ownership stake, has entered into a non-binding letter of intent with SAITECH Limited for the potential acquisition of 100% of the issued shares of SAI US INC. The acquisition price will be determined based on the valuation of the target company’s mining facilities (approximately $1 million) and other assets within the U.S., following the completion of due diligence and negotiation between both parties. The target company, a registered U.S. entity wholly owned by the seller, primarily operates a Bitcoin mining data center, with major assets including a 5-megawatt Bitcoin mining facility and relevant licenses. The board considers this potential acquisition an important expansion in the Bitcoin mining computing power sector, aiming to optimize operational efficiency and competitiveness, in line with the group's financial technology development strategy, thereby creating long-term value for shareholders.
2. Beijing New Space Technology Acquires Jiahe Jingwei Beijing New Space Technology Co., Ltd. plans to acquire 100% of Shenzhen Jiahe Jingwei Electronic Technology Co., Ltd. ("Jiahe Jingwei") from 19 parties including Zhang Lili and Chen Hui, through the issuance of shares and cash payments, while also raising supporting funds. Jiahe Jingwei specializes in the R&D, design, production, and sales of storage products such as memory modules and solid-state drives, with major product lines including Guangwei, Asgard and Shenke, providing consumer-grade, enterprise-grade, and industrial-grade storage products and industry application solutions, along with in-house developed storage particle detection technology. After this acquisition, Beijing New Space Technology will enter the storage sector, creating a second growth curve, accelerating the transition towards new productive forces, increasing new profit growth points, and enhancing sustainable profitability.
3. Kailai Shares Acquires Kesong Electromechanical Kailai Shares plans to acquire at least 50% equity in Dongguan Kesong Electromechanical Equipment Co., Ltd. (“Kesong Electromechanical”) for cash. Upon completion, Kesong Electromechanical will become a subsidiary of Kailai. Kesong Electromechanical focuses on the R&D and production of core components and processes for magnetron sputtering coating equipment, with products including planar and rotary cathodes, widely applicable in semiconductors, new energy, and 3C consumer electronics, serving leading domestic manufacturers like North Huachuang. This acquisition will help Kailai Shares overcome industry barriers, penetrate the high-end coating equipment core track, enhance strategic layout in high-end intelligent manufacturing, achieve technological resource integration and collaboration, and drive industrial upgrades. After the acquisition, the company will establish a diversified business structure, reducing reliance on a single business, enhancing risk resilience, and leveraging the broad prospects of Kesong Electromechanical's industry to nurture new profit growth points, thereby creating long-term shareholder value.
4. Xinghua Shares’ Wholly Owned Subsidiary to Acquire Equity in Xinghua New Energy Xinghua Shares’ wholly-owned subsidiary, Xinghua Chemical, intends to acquire a 20% stake in Xinghua New Energy held by the Yanchang Group for 163 million yuan. Upon completion, Xinghua New Energy will become a wholly owned subsidiary of Xinghua Chemical. Yanchang Group is the controlling shareholder of Xinghua Shares; therefore, this acquisition constitutes a related party transaction but does not qualify as a major asset reorganization. The acquisition aims to integrate internal resources, optimize business and governance structures, lower operational costs, and enhance operational efficiency. The transaction price is based on the assessed valuation date of June 30, 2025, and does not require approval from the shareholders' meeting. The company’s board has authorized the management to handle specific matters, with related directors abstaining from voting, and independent directors agreeing to the transaction.
5. Huyun Titanium Industry Acquires Part of Detian Chemical Guangdong Huyun Titanium Industry Co., Ltd. (“Huyun Titanium”) will utilize self-owned or self-raised funds amounting to 30.625 million yuan to acquire 23.8 million shares of Guangxi Detian Chemical Recycling Co., Ltd. (“Detian Chemical”) held by Dongguan Litai Venture Capital Partnership (Limited Partnership). After the transaction, Huyun Titanium will hold a 35% stake in Detian Chemical, becoming an associate shareholder without consolidating into its financial statements. Recently, Detian Chemical has completed the necessary工商变更登记 and备案 procedures and received a business license and enterprise change registration notice from the market supervision bureau of Chongzuo City.
6. Guochuang High-tech Completes Acquisition of Ningbo Guopei Petrochemical Equity Hubei Guochuang High-tech Materials Co., Ltd. (“Guochuang High-tech”) has acquired 100% of the equity of Ningbo Guopei Petrochemical Co., Ltd. (“Ningbo Guopei”) for 225 million yuan in cash. The transaction has been approved by the company’s board and shareholders. Recently, Ningbo Guopei completed the necessary shareholder change registration procedures, obtaining a new business license issued by the market supervision bureau, officially becoming a wholly owned subsidiary of Guochuang High-tech and included in consolidated financial statements. After the deal, Guochuang High-tech will hold 100% of Ningbo Guopei. However, the transaction entails subsequent payments and performance commitments, posing some uncertainties.
7. Sinochem Equipment Advances Major Asset Restructuring Sinochem Equipment Technology (Qingdao) Co., Ltd. (“Sinochem Equipment”) intends to issue shares to acquire 100% of the equity of Yiyang Rubber and Plastic Machinery Group Co., Ltd. held by China National Chemical Equipment Co., Ltd. and 100% of the equity of Blue Star (Beijing) Chemical Machinery Co., Ltd. held by Beijing Blue Star Energy Investment Management Co., Ltd. Additionally, it plans to issue shares to raise supporting funds from no more than 35 specific investors. This transaction constitutes a related party transaction and is expected to constitute major asset restructuring but will not lead to changes in the company’s controlling shareholder or actual controller. Since July 15, 2025, the company’s shares have been suspended due to planning of major asset restructuring, reopening on July 29 and disclosing relevant plans. Currently, due diligence, auditing, and valuation work is ongoing, and the company will convene the board again to review relevant matters after completion and follow up with necessary approvals and disclosures.
8. Meihua Biotechnology Acquires Xiehe Fermentation Business Meihua Biotechnology Group Co., Ltd. (“Meihua Biotechnology”) and its wholly owned subsidiary in Singapore signed an agreement with Xiehe Fermentation, a subsidiary of Qilin Holdings, to acquire its food amino acids, pharmaceutical amino acids, and low oligosaccharides business for 10.5 billion yen. The transaction was completed as of July 1, 2025, with the final transaction price adjusted to approximately 16.8 billion yen. Meihua Biotechnology hired professional agencies for audit and assessment of the target assets, using the asset-based valuation method, which valued the total shareholder equity of the underlying assets at 1.6257059 billion yuan. Upon completion of the settlement, the underlying assets will be consolidated into Meihua Biotechnology’s financial statements, with an expected increase in non-operating income of approximately 780 million yuan for the consolidated profit statement of 2025.
9. Huamai Technology Plans Control Change Nanjing Huamai Technology Co., Ltd. (“Huamai Technology”) is planning a significant matter that may lead to a change of control, involving a share transfer agreement. Given the significant uncertainty of this matter and to protect investor interests while avoiding unusual stock price fluctuations, Huamai Technology has requested a trading halt effective from October 20, 2025. Mr. Xu Aimin is currently discussing core terms with the trading parties and expects that the shares will not resume trading on October 22, continuing the halt for no more than three trading days. During the trading halt, the company will fulfill its information disclosure obligations according to the progress of the matter and will issue related announcements and apply for resumption as soon as confirmed.
10. Guangdong-Hong Kong-Macau Holdings Completes Acquisition of Wisdom Knight Holdings Limited Guangdong-Hong Kong-Macau Holdings has announced the completion of its acquisition of all issued shares of Wisdom Knight Holdings Limited. In this process, Guangdong-Hong Kong-Macau Holdings allocated and issued 310 million shares at a price of HKD 3.15 per share to the seller. Following the completion of the acquisition, all members of Wisdom Knight Holdings Limited will become subsidiaries of Guangdong-Hong Kong-Macau Holdings, and their financial performance will be fully consolidated into the financial statements of Guangdong-Hong Kong-Macau Holdings.