Xi Pu material "races ahead" to market, sunflower crosses into semiconductor industry facing "hidden reefs"

Recently, reporters have been dispatched to investigate on-site in Zhangzhou, Fujian, Lanzhou and Guazhou in Gansu, Fuzhou in Jiangxi, and other places. It was found that the target for acquisition that Sunflower plans to acquire - Zhangzhou Xipu Materials Technology Co., Ltd.'s factories in Zhangzhou and Lanzhou - have not yet started production, which is clearly inconsistent with their public claim of becoming a core supplier to many domestic and foreign wafer plants relying on the factories in Zhangzhou and Lanzhou. According to reporters, Xipu Materials' controlling shareholder Chen Zhaoqi's other project - Jiangxi Zhanding - has also stalled, and is involved in disputes over interests and responsibilities. On September 21st of this year, Sunflower's restructuring plan was released, planning to purchase 100% of Xipu Materials' equity through the issuance of shares and cash payment, with the price of issuing shares to purchase assets set at 2.93 yuan per share.