Securities Code: 002185
Securities Abbreviation: Huatian Technology
Listing Venue: Shenzhen Stock Exchange
Announcement Title
Draft Report on Issuance of Shares and Cash Payment for Asset Acquisition and Fundraising by Tianshui Huatian Technology Co., Ltd.
Transaction Type
- Asset Acquisition: Issuance of shares and cash payment to acquire assets from:
- Tianshui Huatian Electronics Group Co., Ltd.
- Xi'an Houyi Investment Management Partnership (Limited Partnership)
- Xi'an Xintian Yubo Enterprise Management Partnership (Limited Partnership)
- Other 24 counterparties
- Fundraising: Issuance of shares to no more than 35 specific investors
Independent Financial Advisor
- Date of signing: February 2026
Declaration
This section's terms or abbreviations have the same meanings as those defined in the "Definitions" section of this report.
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Company Declaration The company and all its directors and senior management guarantee timely and fair disclosure of information, ensuring the truthfulness, accuracy, and completeness of this report and its summary. There are no false records, misleading statements, or significant omissions. The company bears legal responsibility for the authenticity, accuracy, and completeness of the information provided. If any disclosed information is found to be false or misleading, the relevant parties will not transfer their shares in the company until the investigation concludes.
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Counterparty Declaration The counterparties involved in this restructuring have issued letters of commitment regarding the authenticity, accuracy, and completeness of the information and materials provided during the transaction process. They guarantee timely provision of relevant information and will bear legal liability for any losses caused by false records or misleading statements.
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Securities Service Institutions and Personnel Declaration The securities service institutions and personnel involved in this transaction commit that the application documents provided are true, accurate, and complete, without false records, misleading statements, or significant omissions, and will bear corresponding legal responsibilities.
Table of Contents
- Declaration
- Company Declaration
- Counterparty Declaration
- Securities Service Institutions and Personnel Declaration
- Table of Contents
- Definitions
- Major Risk Alerts
- Summary of the Transaction Plan
- Fundraising Situation
- Impact of the Restructuring on the Company
- Decision-making Procedures and Approval Processes
- Opinions of Major Shareholders
- Protection Arrangements for Minority Investors
- Other Important Matters
- Major Risk Alerts
- Conclusion
- Independent Opinions
- Intermediary Institutions and Personnel
- Documents for Reference
Definitions
In this report, unless otherwise specified, the following abbreviations have the meanings as defined in the "Definitions" section of this report.
- General Terms
- This report/restructuring report/draft refers to the "Draft Report on Issuance of Shares and Cash Payment for Asset Acquisition and Fundraising by Tianshui Huatian Technology Co., Ltd."
- Huatian Technology/company refers to Tianshui Huatian Technology Co., Ltd.
- Huayi Microelectronics/target company refers to Huayi Microelectronics Co., Ltd.
- This transaction/restructuring refers to the company's acquisition of 100% of the target company through share issuance and cash payment.
Major Matters Alert
Investors are reminded to read the full report carefully and pay special attention to the following matters:
- Overview of the Transaction Plan The semiconductor industry is a strategic, foundational, and leading industry in China, with urgent development needs. The industry is expected to grow significantly, with global market size projected to reach approximately USD 77.22 billion by December 2025, reflecting a 22.5% year-on-year increase. The transaction aims to enhance the company's competitive position in the semiconductor packaging and testing sector, responding to national strategies for domestic semiconductor development.