Huazhijie released a transaction plan on the evening of September 29, proposing to acquire 4.5 million yuan of registered capital in Suzhou Geliming Electronic Technology Co., Ltd. through a combination of share issuance and cash payment, corresponding to an 83.5052% equity stake in Geliming, along with raising supporting funds. The company's shares are scheduled to resume trading on September 30. The share issuance price for this asset purchase is 39.08 yuan per share, no less than 80% of the average price over the 20 trading days before the pricing base date, representing a 28.52% discount to the closing price of 54.67 yuan per share on September 14. Huazhijie has been suspended from trading since September 15, and its share price rose 24.93% over the 20 trading days before the suspension. After excluding the impact of changes in the Shanghai Composite Index and the general equipment index over the same period, the cumulative gains were 27.38% and 34.34% respectively. The company said it is difficult to rule out the possibility that certain institutions or individuals used inside information for insider trading, and the transaction still faces risks of suspension, termination, or cancellation due to suspected insider trading, abnormal share price fluctuations, or abnormal trading. After the transaction is completed, Huazhijie will achieve 100% control of Geliming and further enter the semiconductor testing support field on top of its existing precision telecommunications components business. Geliming focuses on the chip test socket and test kit industry, with products covering testing scenarios such as PMIC, new energy power semiconductors, and general-purpose chip inspection. In terms of performance, Huazhijie's net profit attributable to the parent company was 154 million yuan in 2024, 124 million yuan in 2025, and 44.2528 million yuan in the first half of 2026. Geliming's net profit attributable to the parent company was 8.41 million yuan in 2024, 13.51 million yuan in 2025, and 18.09 million yuan in the first eight months of 2026.
Suzhou Huazhijie Telecom CoHuazhijie plans to acquire 83.51% of Geliming via share issuance and cash, expanding into semiconductor testing support.
Geliming is the acquisition target, to be fully controlled by Huazhijie in a share-and-cash deal.
