Oke Precision Cutting Tools Co., Ltd. (688308.SH) has announced plans to acquire a controlling interest in Yongxin Precision Tools Technology Co., Ltd. The company intends to purchase up to 33.5% of Yongxin's shares from existing shareholders for no more than 175 million yuan. Additionally, Oke Precision will invest 250 million yuan in cash to increase Yongxin's capital, based on a pre-investment valuation not exceeding 700 million yuan, which will grant it a 26.3158% stake post-investment. Upon completion of both the share transfer and capital increase, Oke Precision will hold a total of 51% of Yongxin's equity, making it the controlling shareholder.

Yongxin Precision Tools specializes in core products for PCB, IC substrates, and AI PCB drilling and milling processes, including micro-drills and milling cutters. The company has an established annual production capacity of 350 million PCB micro-drills and 100 million PCB milling cutters. Yongxin's current PCB micro-drills can be mass-produced with a minimum diameter of 0.075mm, and it offers comprehensive coating process solutions to its clients. Its major customer base includes nearly 80 key PCB manufacturers such as Dongshan Precision, Shenghong Technology, Kingboard Group, Cunda Technology, Xingsen Technology, Austria Science & Technology, Guanghe Technology, and Chaoying Electronics.

This transaction will enable Oke Precision to expand its operations into the high-end PCB drill bit sector, representing an extension of its industrial chain in PCB drill rod materials. The move is expected to create synergistic effects through industrial chain integration. The acquisition is aimed at enhancing the company's overall industrial layout. Oke Precision Cutting Tools Co., Ltd. (688308.SH) has announced plans to acquire a controlling interest in Yongxin Precision Tools Technology Co., Ltd. The company intends to purchase up to 33.5% of Yongxin's shares from existing shareholders for no more than 175 million yuan. Additionally, Oke Precision will invest 250 million yuan in cash to increase Yongxin's capital, based on a pre-investment valuation not exceeding 700 million yuan, which will grant it a 26.3158% stake post-investment. Upon completion of both the share transfer and capital increase, Oke Precision will hold a total of 51% of Yongxin's equity, making it the controlling shareholder.

Yongxin Precision Tools specializes in core products for PCB, IC substrates, and AI PCB drilling and milling processes, including micro-drills and milling cutters. The company has an established annual production capacity of 350 million PCB micro-drills and 100 million PCB milling cutters. Yongxin's current PCB micro-drills can be mass-produced with a minimum diameter of 0.075mm, and it offers comprehensive coating process solutions to its clients. Its major customer base includes nearly 80 key PCB manufacturers such as Dongshan Precision, Shenghong Technology, Kingboard Group, Cunda Technology, Xingsen Technology, Austria Science & Technology, Guanghe Technology, and Chaoying Electronics.

This transaction will enable Oke Precision to expand its operations into the high-end PCB drill bit sector, representing an extension of its industrial chain in PCB drill rod materials. The move is expected to create synergistic effects through industrial chain integration. The acquisition is aimed at enhancing the company's overall industrial layout.