Focus on Canlon | Sharing M&A experience and discussing industrial integration - Suzhou Wujiang District Listed Company Association visits Canlon

Recently, the “Explore Canlon - Merger and Acquisition Theme Sharing Session” organized by Suzhou Wujiang District Listed Companies Association was successfully held at Canlon.

This event focuses on the typical case of Canlon's acquisition of Suzhou Jiazhicai Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Jiazhicai"), building a "practical" experience sharing platform for nearly 20 member companies in the region, and injecting new impetus into the high-quality economic and social development of Wujiang District.

During the visit, the guests went to Canlon Advanced Technology Research Institute, Anti Wind-uplift Laboratory, Polymer Membrane Training Base, PVC/TPO Workshop, TMP® Integrated Panel Exhibition Hall and Industrial Park Phase II Photovoltaic Roof, as well as Canlon's "Low-carbon Hut" for on-site observation. Not only did they intuitively feel Canlon's advanced production technology and innovative technological research and development results, but they also had a deeper understanding of how its all-round system from research and development, manufacturing, design, construction to technical services can provide solid support for the development of the industry, and also provided a fresh and concrete practical sample for subsequent discussions on corporate development and M&A experience.

Sheng Hongming, president of the Suzhou Wujiang District Listed Companies Association, said in his speech that the purpose of this event is to use the experience of the pioneers as a mirror to help Wujiang enterprises achieve new breakthroughs on the road of development. The cooperation between Canlon and Jiazhicai is a model of two-way empowerment, symbiosis and win-win, and vividly interprets the synergy effect of "1+1>2". The association will always uphold the original intention of service, continue to build a platform for communication and cooperation, be a companion and helper on the road of enterprise development, and jointly promote the high-quality development of the regional economy to a new level.

Afterwards, Huo Ju, secretary of the board of directors of Canlon, gave an in-depth interpretation of the acquisition of 51% of Jiazhicai's equity completed in April this year. From the top-level design of strategic planning, the detailed implementation of transaction links, to the industrial synergy logic behind the acquisition, the key nodes were dismantled layer by layer, allowing everyone to clearly feel Canlon's forward-looking layout in the field of semiconductor testing, as well as its courage and wisdom in the implementation of its diversified strategy.

Shu Tan, assistant to the chairman of Jiazhicai, gave a detailed introduction to the company's technical advantages, market positioning and business scope. As an important company in the field of new display testing, after joining Canlon, Jiazhicai will continue to use its own technical reserves and advantages, rely on higher-level platform empowerment, share brand power, and jointly expand new markets.

During the interactive exchange session, member companies combined their own business development realities to engage in heated discussions on topics such as M&A strategies, resource integration, and cultural integration, creating a lively atmosphere.

This event is not only a study of M&A cases, but also a feast of ideas for regional enterprises to seek common development. In the future, Canlon will continue to maintain close communication and cooperation with the Suzhou Wujiang District Listed Companies Association to jointly promote the deep integration of regional industrial chains, innovation chains, and capital chains, and inject new vitality into the integrated development of the Yangtze River Delta.