Yuanlin Co., stock code 605303, opened at its upper limit on September 30, rising 10.02% to 28.66 yuan per share, marking two consecutive upper-limit sessions since trading resumed on September 29. On the evening of September 28, the company disclosed a plan to acquire 93.5031% of Sage Microelectronics through a share issuance and cash payment, while raising supporting funds by issuing shares to no more than 35 qualified investors at a set price of 19.20 yuan per share. Yuanlin Co. said the transaction is expected to constitute a major asset restructuring, but not a related-party transaction or a reverse merger. As of the signing date of the plan, the relevant audit and valuation work had not been completed, and the transaction price of the target assets had not yet been determined. After the deal closes, Yuanlin Co. will control Sage Microelectronics, expanding its core business into storage controller chips and array controller chips, which will help gradually reduce its reliance on the construction segment. Previously, the company and its subsidiaries had completed the purchase of a combined 6.4969% stake in Sage Microelectronics, and on December 1, 2025, it announced plans to buy that minority stake for 112 million yuan, emphasizing at the time that it was a financial investment and would not create a controlling relationship. In the first half of 2026, Yuanlin Co. reported revenue of 261 million yuan, of which the semiconductor storage business contributed 114 million yuan, accounting for 43.78% of total revenue. Sage Microelectronics was founded in July 2011 with registered capital of 150 million yuan. It filed for a STAR Market IPO in December 2022 and withdrew in May 2024. Unaudited data show that in the first half of 2026, Sage Microelectronics achieved revenue of 235 million yuan and net profit attributable to the parent of 12.3067 million yuan, turning from loss to profit.
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