002277SZSE

Summary of the Draft Report on the Issuance of Shares and Cash Payment for Asset Acquisition by Hunan Friendship Apollo Commercial Co., Ltd. (Revised)

✨ AI Summary

Hunan Friendship Apollo Commercial Co., Ltd. plans to acquire 100% of Shenzhen Shangyangtong Technology Co., Ltd. for a total consideration of RMB 158 million, funded through cash and share issuance. The transaction aims to shift the company’s focus from traditional retail to high-performance semiconductor power devices, enhancing profitability. The deal is subject to regulatory approvals and includes commitments from stakeholders regarding share transfers and performance guarantees.

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Full Translation

AI Translation· azure_openai

Stock Code: 002277.SZ Stock Abbreviation: Youa Shares Listing Location: Shenzhen Stock Exchange

Hunan Friendship Apollo Commercial Co., Ltd. Issuance of Shares and Cash Payment for Asset Acquisition and Fundraising Report (Draft) Summary (Revised)

Project

Transaction Counterparties: Issuance of shares and cash payment for asset acquisition from Jiang Rong, Jiang Feng, Xiao Sheng'an, Shenzhen Zishu Management Consulting Partnership (Limited Partnership), Shenzhen Qingshu Investment Partnership (Limited Partnership), and 37 other counterparties.

Fundraising

Not exceeding 35 specific qualified investors.

Independent Financial Advisor

March 2026

2-1-2-1 Company Statement

The company and all directors and senior management guarantee that the content of the restructuring report and its summary is true, accurate, and complete, with no false records, misleading statements, or significant omissions, and bear corresponding legal responsibilities for its truthfulness, accuracy, and completeness. The company's controlling shareholder, actual controller, directors, and senior management commit that if any information provided or disclosed in this transaction is suspected of false records, misleading statements, or significant omissions, and is investigated by judicial authorities or the China Securities Regulatory Commission, they will not transfer shares held in the company until the investigation conclusion is reached. They will submit a written application to suspend the transfer of shares within two trading days of receiving the investigation notice, and the board of directors will apply for locking the shares with the stock exchange and the registration and settlement company. If they fail to submit the application within two trading days, they authorize the board of directors to verify and directly submit their identity and account information to the stock exchange and the registration and settlement company to apply for locking. If the investigation concludes that there are illegal activities, the locked shares will voluntarily be used for compensation arrangements for relevant investors. The matters described in the restructuring report and its summary do not represent the substantive judgment, confirmation, or approval of the China Securities Regulatory Commission or the Shenzhen Stock Exchange regarding the transaction. Any decisions or opinions made by the approval authority regarding this transaction do not indicate a substantive judgment or guarantee of the company's stock value or investor returns. According to the Securities Law and other relevant laws and regulations, the company is responsible for changes in operations and earnings after the completion of this transaction; investment risks arising from this transaction are borne by investors. Investors with any questions regarding the restructuring report should consult their stock brokers, lawyers, accountants, or other professional advisors.

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