Minbang Optoelectronics plans to acquire two PCB material companies

On the evening of January 18, Minbang Optoelectronics announced that the company was planning to purchase assets through the issuance of shares and payment of cash, and to simultaneously raise supporting funds.

According to the announcement, this transaction intends to acquire 100% equity of Xiamen Xiazhi Precision Technology Co., Ltd. (hereinafter referred to as "Xiazhi Precision") and Jiangxi Maida Intelligent Technology Co., Ltd. (hereinafter referred to as "Jiangxi Maida"). The counterparty is initially determined to be the controlling shareholder of the two target companies - Xiamen Maida Intelligent Technology Co., Ltd. (hereinafter referred to as "Xiamen Maida").

Xiazhi Precision and Jiangxi Maida have long been focusing on the research and development, production and sales of micro drill bits, deeply engaged in the field of core consumables for PCB manufacturing, and providing micro-hole processing solutions to global PCB head customers. As a key special consumable in PCB manufacturing, PCB drill pins are mainly used for precision drilling to achieve connection between circuit board layers, and are the basis for circuit signal transmission and functional integration.

In terms of equity and industrial layout, Xiamen Maida was established in 2020 by integrating the related businesses of the original letter series enterprises (started in 2006) and Xiamen Xiazhi Technology Tools Co., Ltd. (started in 1995). It currently fully controls two companies, Xiazhi Precision and Jiangxi Maida.

At present, Xiamen Maida has developed into a professional provider of hard and brittle material processing solutions. Its business covers high-precision machine tool equipment, tungsten steel tools, PCB micro drills and PCD/CBN tools and other products. Its application fields extend to a number of high-end manufacturing industries such as aerospace, medical equipment, semiconductors and consumer electronics.

In terms of transaction progress, Minbao Optoelectronics stated that the company has signed an "Acquisition Intention Agreement" with Xiamen Maida and plans to acquire 100% of the equity of the target company through the issuance of shares and payment of cash. The agreement is a preliminary intention arrangement, and the specific transaction plan still needs to be confirmed by subsequent formal agreements signed by the parties to the transaction.

As the initiator of this merger and acquisition, Minbang Optoelectronics currently focuses on the two major sectors of commercial lighting and industrial lighting, and is gradually expanding into special lighting fields such as plant lighting, emergency lighting, beauty lighting and explosion-proof lighting.

In terms of projects, on July 3, 2025, Minbang Optoelectronics announced that the company had won the equity of Huinan Kaimin and used part of the funds for new projects such as the "LED Industrial Lighting and Special Lighting Lamps Production Base Construction Project".