Smartgiant Technology (688115.SH) plans to issue additional shares and acquire 71% of the shares of Kekai Electronics with cash. The stock will resume trading on September 25th.

Smartgiant Technology (688115.SH) disclosed the issuance of shares and payment of cash to purchase assets, as well as the raising of matching funds and related party transaction plan. The company plans to acquire 71% of the shares of Keke Electronics from 23 transaction parties including Wang Jianhui, Wang Jiangang, Wang Xin, and Wang Ke by issuing shares and paying cash, and raise matching funds from up to 35 specified investors. The issuance price for purchasing assets with shares is 17.26 yuan per share, and the asset transaction price has not been determined yet. The amount of matching funds raised will not exceed 100% of the transaction price for purchasing assets with shares, and the number of shares issued will not exceed 30% of the total share capital of the listed company before this issuance. In this acquisition, the target company is Qingdao Science and Technology Electronics Research Institute Co., Ltd. ("Keke Electronics"), which specializes in the research, production, and sale of high-reliability microcircuit modules. Its main products include motor drivers, light source drivers, signal controllers, and other microcircuit products. It is reported that the target company and the listed company are in the same industry and have synergies. This transaction is beneficial for promoting the integration and upgrading of the main business of the listed company and improving its sustainable operating capabilities. In addition, the company's stock will resume trading from September 25, 2024.