Zhongji Xuchuang Acquires 31.37 Million Shares of Zhongshi Tech for RMB 1.747 Billion

On August 13, Zhongji InnoLight (300308.SZ) announced that it had signed a share transfer agreement with the controlling shareholder of Zhongshi Technology (300684.SZ), agreeing to acquire 31.3725 million shares of Zhongshi Technology at a cash price of RMB 55.70 per share, for a total transaction value of RMB 1.747 billion. Founded in 1997, Zhongshi Technology primarily engages in the research and development, design, production, sales, and technical services of high-performance thermal management components and shielding materials. Its product portfolio includes high-thermal-conductivity graphite products, thermal interface materials, and heat pipes. On August 14, Zhongshi Technology’s share price rose by 20%, closing at RMB 67.36 per share.