Daheng New Epoch Technology Inc

Yueling announced plans to transfer its 5% stake in Zhongshi Guangxin Shishi Company to Daheng Technology for about 111 million yuan. The company currently holds a 10.05% stake in Zhongshi Guangxin, and will retain a 5.05% stake after the deal.

On the evening of August 17, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Kaichuang Electric plans to invest 15 million yuan to participate in establishing a robotics industry fund with a total size of 100 million yuan. Haomei New Materials plans to subscribe 100 million yuan to participate in establishing an artificial intelligence venture capital fund with a target size of 1 billion yuan. Daheng Technology plans to acquire a 5 percent stake in Zhongshi Guangxin for 111 million yuan to enter the optical chip sector. The controlling shareholder of Huayang Group is planning a change of control, and trading in the company's shares will be suspended starting August 18. Fudan Microelectronics reported first-half net profit of 849 million yuan, up 338.58 percent year on year. Rongjie shares reported first-half net profit of 1.002 billion yuan, up 1,076.14 percent year on year. Desay Battery reported first-half net profit of 205 million yuan, up 110.44 percent year on year. Raytron Technology reported first-half net profit of 1.259 billion yuan, up 258.78 percent year on year, and plans to distribute a cash dividend of 5 yuan for every 10 shares. Digital China plans to repurchase shares worth 200 million to 400 million yuan. Juncheng Technology is planning to acquire 50 percent of Jiangsu Xintongda with cash. Ruifeng High Materials plans to acquire no less than 51 percent of Mitop New Materials for 400 million to 500 million yuan. Ruilian New Materials signed a technology licensing agreement with Huaxing Printing to carry out printed OLED materials business. Yingxin Development plans to raise no more than 1.779 billion yuan through a private placement for advanced packaging and testing, memory module manufacturing, and other projects.

Daheng Technology announced it plans to acquire a 5% stake in Zhongshi Guangxin Shishi Company Limited for 111 million yuan, with the counterparty being Yueling. Upon completion of the investment, the company will hold a 5% equity interest in Zhongshi Guangxin. The company said the stake purchase will leverage its existing industrial machine vision technology to provide automation support for Zhongshi Guangxin's production lines, and draw on the latter's research and development accumulation and chip manufacturing capabilities in optical communications to provide practical support for entering the optical chip sector, thereby extending its opto-mechatronics product categories.