Views: 27 Author: Site Editor Publish Time: 2025-04-23 Origin: Site
On the afternoon of April 21, 2025, the investment and merger signing ceremony between Jiangsu Canlon Building Materials Co., Ltd. and Suzhou Jiazhicai Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Jiazhicai") was successfully held in Canlon Polymer Industrial Park.
The leaders and core management personnel of both parties who attended the signing ceremony included: Qian Lindi, Chairman of Jiangsu Canlon Building Materials Co., Ltd., Li Zhongren, President, Zhang Yong, Executive President, Ji Xinyu, Vice President and other company executives; Chen Xianfeng, Chairman of Suzhou Jiazhicai Optoelectronics Technology Co., Ltd., Wang Hui and Xiao Junjun, co-founders and investors, Liu Pinde, Product Director, Chen Sai, R&D Director, Li Langlang, Deputy R&D Director, and Tan Jianhui, founder/investor; Chen Jie, sponsor representative of Zhongtian Guofu Securities, and Liu Siliang, lawyer of Beijing Grandway Law Firm.
Qian Lindi, Chairman of Canlon, warmly welcomed the relevant leaders of Jiazhicai and delivered a speech on the acquisition. He said that the Jiazhicai team joining Canlon will be not only family members, but also colleagues, and a huge asset. In the future, the business teams of both parties will uphold the spirit of "each has its own beauty and all the beauty is shared", work together and accelerate integration. At present, Jiazhicai has stood at the forefront of its own industry, and Canlon will also strongly support the development of Jiazhicai in the future, share brand power, and jointly expand new markets.
Chen Xianfeng, Chairman of Jiazhicai Technology, made a speech on the M&A matter. He expressed his gratitude to Chairman Qian Lindi for his high recognition of Jiazhicai. Through this M&A, Jiazhicai was able to be empowered on a higher-level platform. The new display testing and semiconductor business are the vision and the future. With the support of Canlon, we will definitely do better.
Li Zhongren, president of Canlon, said that the diversified business of Canlon has welcomed a new force like Jiazhicai, which has not only increased the company's emerging technology content, but also satisfied people's enterprising spirit and spiritual needs for scientific and technological progress. This is not only the result of Canlon's continuous forging ahead, but also thanks to this era that values science and technology.
Wang Hui, co-founder and investor of Jiazhicai Technology, said on the M&A that Jiazhicai is a company that started with technology and is currently on the fast track of healthy development with better-than-expected development results. The most important factor is that the technical team has always remained rational and optimistic, patiently reviewing every link of R&D and manufacturing, and constantly improving themselves. After joining Canlon, Jiazhicai will continue to play to its strengths and integrate rationality and optimism into the new collective.
Subsequently, Qian Lindi, Chairman of Canlon, and Chen Xianfeng, Chairman of Jiazhicai Technology, formally signed an investment and acquisition agreement. Canlon paid cash to acquire 51% of Jiazhicai's equity, using the equity valuation issued by an appraisal agency engaged in securities and futures services as a pricing reference, and finally determined the transfer price to be RMB 483.1852 million. After the subsequent relevant delivery is completed, Jiazhicai will officially become the company's holding subsidiary.
After the signing was completed, Chairman Qian Lindi and President Li Zhongren accompanied Jiazhicai’s leadership and their delegation to visit the R&D office area of the industrial park to learn about the company’s core business and innovation capabilities.
Mergers and acquisitions are effective measures for enterprises to strengthen resource integration, achieve rapid development, and improve competitiveness. They are also important ways to resolve the contradiction of serious overcapacity, adjust and optimize the industrial structure, and improve the quality and efficiency of development. In recent years, the state has successively introduced a number of new policies and measures to encourage and guide mergers and acquisitions. Against the backdrop of industrial restructuring in the domestic real estate and construction industries, Canlon actively explores the industrial direction supported and encouraged by the state.
The new display testing equipment industry is developing rapidly and has broad prospects. Jiazhicai is a provider of testing equipment and system solutions, mainly engaged in the research and development, production and sales of new display device testing equipment. Its products are widely used in the detection, calibration, optimization and repair of display defects, optical properties, electrical properties and other functions in the manufacturing of new display devices represented by OLED, and gradually extended to the field of semiconductor and integrated circuit testing equipment. At the same time, Jiazhicai also continues to use its own technical reserves and advantages to continuously develop related products for the photovoltaic industry and lithium battery industry to expand its customer base.
For Canlon, the joining of Jiazhicai will inject new impetus into the sustained and healthy development of the listed company. The two parties will integrate their resource advantages and jointly promote the innovation and upgrading of their respective businesses.
This merger is not only a milestone in the development of both parties, but also a new beginning for the industry. In the future, Canlon will continue to drive growth with innovation, actively explore and promote the development of industries that meet the needs of the country and society, and create long-term value for shareholders, customers and partners.