Prior to the trading halt, the company's stock price showed an upward trend.
Sichuan Discovery Dream Science & Technology Co., Ltd. (301213) announced on the evening of December 21 that it is planning a share issuance for asset acquisition and supplementary fundraising. Upon the company's application, its shares will be suspended from trading starting at market open on December 22, 2025. The company expects to disclose the transaction details within no more than 10 trading days.
The target of this transaction is Jinzhou Liaojing Electronic Technology Co., Ltd. (hereinafter referred to as "Liaojing Electronics"). According to corporate records, Liaojing Electronics was established in 2007 and primarily engages in the design, production, and sales of integrated circuits, power supplies, and electronic components; plastic packaging of microelectronic products, design, manufacturing, and sales of mechanical parts; computer technology consulting services, technology transfers, and peripheral equipment sales; as well as R&D and technical services for microelectronic products and information technology services.
Corporate records show that Su Zhou, the actual controller, chairman, and general manager of Liaojing Electronics, holds a 36.41% stake in the company. Liaojing Electronics has invested in four enterprises: Sichuan Yingteng Ruide Technology Co., Ltd., Chengdu Xinhai Xinwei Technology Co., Ltd., Sichuan Liaojing Electronic Technology Co., Ltd., and Jinzhou Hongxin Electronics Co., Ltd. Except for Jinzhou Hongxin Electronics Co., Ltd., which has been deregistered, the other three companies remain operational.
In its latest announcement, Sichuan Discovery Dream Science & Technology stated that it plans to acquire no less than 60% of Liaojing Electronics' shares through a share issuance while raising supplementary funds. The company has signed a "Framework Agreement for Equity Acquisition" with the main counterparties of this transaction, reaching a preliminary intent to purchase the assets. Final details such as the number and proportion of shares transferred, transaction price, payment method, performance compensation arrangements, share lock-up arrangements, and breach clauses will be determined in a formal share purchase agreement to be signed later. The company noted that the share issuance for asset acquisition and supplementary fundraising remains subject to significant uncertainties.
Sichuan Discovery Dream Science & Technology is committed to applying independent and controllable next-generation information technology in the national defense sector. The company has long provided comprehensive solutions for equipment informatization and management informatization to defense units and has established a complete system for military product R&D, production, quality control, and pre- and post-sales services. Additionally, based on a closed-loop of big data analysis for product design, production testing, and equipment maintenance, the company has developed an intelligent product matrix integrating high computing power, edge-cloud collaboration, and autonomous operation capabilities, empowering the entire chain of intelligent defense manufacturing.
Furthermore, leveraging data accumulation from big data analysis and product inspection services, the company has successfully developed core products combining intelligence, high computing power, AI analysis, edge-cloud collaboration, and autonomous operation. These products enable targeted AI empowerment through platform-based and systematic approaches. They are widely used in intelligent equipment management, unmanned systems, smart education, smart healthcare, smart factories, smart government, smart offices, smart border defense, and smart emergency response, facilitating digital transformation and intelligent upgrades across industries.
Previously, on the evening of July 17, the company announced that Discovery Dream Development, an acting-in-concert party of its controlling shareholder and actual controller Wei Qiang, planned to transfer 4 million unrestricted tradable shares (5% of the company's total shares) at CNY 44.14 per share (total consideration: CNY 177 million) to Shenzhen Century Zhiyuan Private Securities Fund Management Co., Ltd. (representing the Zhiyuan Shenluo 24 Private Securities Investment Fund) via a block trade. This transfer would not result in changes to the company's controlling shareholder or actual controller.
As of December 19, Sichuan Discovery Dream Science & Technology closed at CNY 69.05, up CNY 2.24 or 3.35%.
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