Lionhead Share's Major Asset Restructuring Approved by Shanghai Stock Exchange Review

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Lionhead Share's issuance of shares and cash payment for asset acquisition, along with the raising of matching funds and related-party transactions, has been approved at the 13th review meeting of the Shanghai Stock Exchange's M&A and Restructuring Review Committee in 2026. The company plans to acquire 97.4399 percent of Hangzhou Liper Technology Co., Ltd. for 662 million yuan, while raising matching funds of 220 million yuan. Liper Technology is a national high-tech enterprise and a national-level specialized and sophisticated 'little giant' company, focusing on the machine vision sector. In 2025, it achieved a net profit of 34.1035 million yuan under performance commitments, with committed net profits for 2026 and 2027 of no less than 46 million yuan and 62 million yuan, respectively. The restructuring plan has also undergone multiple optimizations and adjustments, including reducing the matching fund size from 240 million yuan to 220 million yuan, adding a second-phase accounts receivable compensation mechanism, and extending the lock-up period for performance commitment parties' shares. After this restructuring, Lionhead Share will form a dual-core business development pattern of 'e-commerce services plus machine vision,' entering the high-end intelligent manufacturing track. This transaction still requires registration approval from the China Securities Regulatory Commission before implementation.

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Taiyuan Lionhead Cement Co Ltd
600539
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Asset restructuring approved, acquiring machine vision company with profit commitments, diversifying into high-end manufacturing.

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