Guosen Securities Co., Ltd.'s Due Diligence Report on Shenzhen Minbao Optoelectronics Co., Ltd.'s Issuance of Shares to Acquire Assets and Related Party Transactions
Guosen Securities Co., Ltd. (hereinafter referred to as "Guosen Securities" or "Sponsor") as the sponsor of Shenzhen Minbao Optoelectronics Co., Ltd. (hereinafter referred to as "Minbao Optoelectronics" or "the Company") for its initial public offering on the ChiNext market, according to the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "ChiNext Stock Listing Rules of the Shenzhen Stock Exchange," and the "ChiNext Listed Company Governance Guidelines No. 2 - Standardized Operation of ChiNext Listed Companies," and other relevant laws, regulations, and normative documents, has conducted a prudent review of Minbao Optoelectronics' issuance of shares to acquire assets and related party transactions. The details are as follows:
I. Overview of Related Party Transactions and Overall Scheme of This Transaction
The Company plans to acquire 49% of the equity of Xiamen Xuzhi Precision Technology Co., Ltd. (hereinafter referred to as "Xuzhi Precision" or "the Target Company") from Xiamen Xueda Intelligent Technology Co., Ltd. (hereinafter referred to as "Xiamen Xueda") by issuing shares.
Before this transaction, there was no relationship between the transaction counterparty and the Company. After the completion of this transaction, the proportion of shares held by the transaction counterparty Xiamen Xueda in the Company is expected to exceed 5%. Therefore, according to the "ChiNext Stock Listing Rules of the Shenzhen Stock Exchange," this transaction constitutes a related party transaction.
II. Basic Information of the Transaction Target
The target asset of this transaction is the 49% equity of Xuzhi Precision held by Xiamen Xueda. The basic information of Xuzhi Precision is as follows: