Recent events

Dongbai Group announces plan to acquire 52.6667% controlling stake in Kuailing Optoelectronics for 316 million yuan

On October 11, Dongbai Group (600693) announced that its wholly-owned subsidiary Fujian Dongbai Chuangzhi Investment plans to acquire 52.6667% of Hangzhou Kuailing Optoelectronics Technology for a provisional consideration of 316 million yuan, with the target's 100% equity valued at 600 million yuan (764.35% appreciation over book value). After completion, Kuailing Optoelectronics and its wholly-owned subsidiary Zhejiang Guangte Technology will be consolidated into Dongbai Group. Dongbai Group currently has no related business or R&D personnel, making this a cross-industry entry into optical chips. The agreements have not yet been signed; the transaction still requires other shareholders to waive preemptive rights and the target's shareholder decision procedures, and its implementation remains uncertain. Founder Ye Jinlin committed that Kuailing's net profit after non-recurring items will be no less than 10 million yuan in 2027, 40 million yuan in 2028 and 100 million yuan in 2029, with equity-pledge-backed performance and impairment compensation if targets are missed.