Jiemei Technology: Plans to Issue Shares to Acquire 100% Equity of Efoorth Technology, Stock to Resume Trading Tomorrow

Source: China Securities Journal - Taurus

Jiemei Technology announced on the evening of March 16 that the company plans to purchase 100% equity of Changsha Efuosi Technology Co., Ltd. through issuing shares and will raise supporting funds. As of the announcement date, work such as auditing and valuation related to this transaction has not yet been completed, and the company does not plan to hold a shareholders’ meeting to review this transaction for now. Upon application, the company’s stock will resume trading on March 17 (Tuesday).

The overall plan for this transaction consists of two parts: issuing shares to purchase assets and raising supporting funds. The effectiveness and implementation of the supporting funds are conditional on the effectiveness of the share issuance to purchase assets, but the success or failure of raising supporting funds does not affect the implementation of the share purchase.

The listed company intends to purchase the 100% equity of Efuosi Technology held by Zhou Lin, Yuanzhi Xinghuo, Ding Jie, Tao Shang, and Chen Yongfu through issuing shares, and plans to issue shares to no more than 35 specific investors to raise supporting funds. The issuance price for this share purchase is 26.68 yuan per share, not less than 80% of the average trading price of the company’s stock over the 120 trading days before the pricing reference date.

Efuosi Technology’s main business includes the research, development, production, and sales of ultra-precision processing intelligent equipment.

Jiemei Technology’s 2025 semi-annual report shows that the company’s main business is the research, development, production, and sales of electronic packaging materials and electronic-grade thin film materials. Its products mainly include paper carriers, electronic tapes, plastic carriers, transfer tapes (release films), cast films, and chip carriers (IC trays), widely used in integrated circuits, chip electronic components, semiconductors, optoelectronic displays, and new energy fields, ultimately serving markets such as AI terminals, 5G, industrial Internet, data centers, and new energy vehicles.

In the first three quarters of 2025, Jiemei Technology achieved a total operating revenue of approximately 1.526 billion yuan, a year-on-year increase of 13.74%; net profit attributable to shareholders of the listed company was about 176 million yuan, a decrease of 0.70% year-on-year.

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