Qin'an Stock: Intends to acquire 99% equity of Yigao Optoelectronics for 885 million yuan. It is committed to achieving a cumulative net profit of not less than 240 million yuan in the next three years.

Qin'an Co., Ltd. announced that the company plans to acquire 99% equity of Anhui Yigao Optoelectronic Technology Co., Ltd. through its wholly-owned subsidiary Chongqing Lulingshanxi Enterprise Management Co., Ltd. The transaction amount is 885 million yuan. After the completion of the transaction, Yigao Optoelectronics will become a subsidiary of the company and will be included in the consolidated financial statements. The target company is a leading technology company in the high-end vacuum coating field, with its super hard coating applied to top domestic consumer electronics brands' high-end smartphones, wearable devices, and accelerating penetration into the fields of all series of smartphones, smart wearable devices, high-end tablets, etc.; its AR coating has been applied to multiple smart car in-vehicle display systems, providing optical solutions for smart cockpits. This transaction includes performance commitments, with the performance commitment party committing that the target company will achieve a cumulative net profit of no less than 240 million yuan from 2025 to 2027.