Sibao Technology plans to acquire 100% equity of Tuoli Technology for 255 million yuan

On April 20, Silicon Treasure Technology issued an announcement that the company and its wholly-owned subsidiary Silicon Treasure New Materials planned to sign an "Equity Purchase Agreement" with 42 shareholders including Zhang Xianyin, and the company and Silicon Treasure New Materials planned to acquire Tuoli Technology in cash 100.00% equity, the transaction consideration is RMB 255 million (before tax), and the source of funds is self-owned funds or self-raised funds. The announcement shows that Tuoli Technology was listed on the New Third Board. It is a national high-tech enterprise specializing in the research, development, production, sales and technical service of functional polymer materials such as silicone, epoxy and ultraviolet curing. The products are divided into silicone rubber , UV curing materials, epoxy resin materials are widely used in electronics, 5G communications, power, home appliances, civil aviation, communications, automobiles and other fields. As of December 31, 2019, Chengdu Tuoli Technology achieved operating income of RMB 138,885,885.19, net profit of RMB 12,942,516.88, and net cash flow from operating activities of RMB 34,707,790.48 (unaudited). The Before and after the completion of the acquisition Sibao Technology said that the acquisition is the implementation of the company's strategic layout, which is conducive to the company's long-term development and core competitiveness. Both parties have multiple effects such as technology and market complementarity, industry and management synergy. In the field of adhesives for electronic appliances, Tuoli Technology has become a long-term supplier for Midea, Gree and other end users; in the field of power anti-fouling flash coating coatings, Tuoli Technology maintains good cooperation with the State Grid and the products are widely used in The construction of high-voltage and ultra-high-voltage power grids is the main supplier of UHV industrial composite insulator coatings; in the field of adhesives for new energy vehicle control systems, Tuoli Technology has become the supplier of BYD, a domestic leader in new energy vehicles; and adhesives for 5G communications In the field of pressure sensitive adhesives, Tuoli Technology products have been successfully used in mobile phone terminal equipment, and have become a supplier of ZTE, which has maintained rapid growth in recent years. In terms of patented technology, Tuoli Technology currently has 46 patents, including 34 national invention patents; 11 utility model patents and 1 international invention patent. After the acquisition, the total number of silicon treasure technology patents will exceed 150, and the number of R & D will exceed 120. A Sibao Technology said that the company's acquisition of Tuoli Technology will enrich the company's product line, quickly cut into emerging fields, and enter the supply chain of leading enterprises; later the company will be empowered by resources such as brand, management, capital, etc. Large market share, broaden the company's product application areas, increase the company's industrial adhesives market share, and promote the company's overall rapid development. On the same day, Sibao Technology also released a first-quarter performance report this year, saying that the company achieved operating income of 155,866,800 yuan, a year-on-year decrease of 13.75%, and operating profit of 13,354,300 yuan, a year-on-year decrease of 18.28%. A year-on-year decrease of 27.44%. The Silicon Po said that during the reporting period, due to the impact of the new coronavirus pneumonia epidemic, the construction of the downstream construction industry was slightly delayed. The demand for glue has not been fully released. decline. At present, with the relief of the epidemic, the company's sales business has returned to normal, and the company's sales orders are sufficient.