Qin'an Co., Ltd. terminates the acquisition of shares and plans to acquire 99% equity of Yeguang Electronic through cash purchase.

On September 17, 2025, Qin'an Stock Co., Ltd. held the 17th meeting of the fifth board of directors, deciding to terminate the issuance of shares and the payment of cash to purchase 99% of the equity of Yigao Optoelectronics and raise supporting funds, planning to purchase it separately in cash. The company originally planned to purchase shares from 12 trading parties and began related work on June 30. This change was made because it was difficult to complete the delivery of the purchased shares within the year, and cash acquisition is more beneficial for the operation of the target company. At present, the company has signed cash purchase intention agreements with 11 major shareholders, while the sale plan of Yuanzhi Xinghuo is still under negotiation. There are uncertainties in the transaction, including reaching a final agreement, transaction completeness, integration, and performance commitments. The company commits not to plan major asset restructurings within one month, and will hold an investor briefing on September 26.