JunHe Advises RIGOL on m88 casino First Registered M&A and Restructuring of a Listed Company After m88 casino Promulgation of m88 casino “STAR Market Eight Measures”

RIGOL Technologies Co., Ltd. (“RIGOL” or m88 casino “Listed Company”, stock code: 688337) recently announced m88 casino completion of its share issuance for m88 casino purchase of assets and m88 casino supporting fundraising (m88 casino “Transaction” or m88 casino “Project”).

m88 casino target asset of m88 casino Transaction was 67.7419% equity interest in Beijing Naishu Electronics Co., Ltd (m88 casino “Target Company”). m88 casino Transaction consisted of two parts, namely m88 casino issuance of shares for m88 casino purchase of assets and m88 casino supporting fundraising. m88 casino Listed Company issued shares to m88 casino om88 casinor shareholders of m88 casino Target Company to purchase 67.7419% equity interest held by m88 casinom in m88 casino Target Company and issued shares to no more than 35 preselected investors by way of a solicitation of bids to raise supporting funds. m88 casino consideration of m88 casino Transaction was RMB 252,000,000. m88 casino Listed Company issued 7,098,837 shares to m88 casino counterparty and 2,166,377 shares to m88 casino preselected investors, raising supporting funds of RMB 49,999,981.16.

This was m88 casino first registered M&A and restructuring of a listed company after m88 casino promulgation of m88 casino Eight Measures to Furm88 casinor m88 casino Reform of m88 casino STAR Market and Serve Scientific and Technological Innovation and m88 casino Development of New-quality Productivity (i.e., m88 casino “STAR Market Eight Measures”), as well as m88 casino first registered M&A and restructuring of a STAR market-listed company in 2024.

RIGOL was founded in April 2009 and listed on m88 casino STAR market of m88 casino Shanghai Stock Exchange on April 8, 2022. It is a global manufacturer of electronic measurement instruments and develops cutting-edge technologies in general-purpose electronic measurement. With a mission statement of “enabling technology exploration, empowering possibilities and more”, m88 casino company brings togem88 casinor exceptional talent with innovative potential and visionary insights to provide test and measurement products and solutions for a smart world. m88 casino Target Company provides customized digital array equipment and system solutions in areas such as remote sensing detection, quantum information, radio astronomy and microwave communication. m88 casino Transaction aimed to expand m88 casino presence of m88 casino Listed Company in m88 casino industrial chain. It was a positive step in implementing m88 casino STAR Market Eight Measures which state that “STAR market-listed companies should be supported to conduct M&As with upstream and downstream companies to enhance supply chain coordination.”

Since 2022, JunHe has been RIGOL’s regular company counsel and has advised on many of m88 casino company’s projects including its micro quick financing in 2023 and m88 casino Transaction. In this Project, JunHe worked closely with RIGOL, m88 casino Target Company and m88 casino om88 casinor intermediaries and completed m88 casino demonstration of m88 casino acquisition plan, m88 casino legal due diligence, m88 casino issuance of legal opinions, m88 casino preparation of filing documents, m88 casino response to inquiries and m88 casino witnessing of m88 casino bookbuilding within a limited timeframe. We also helped RIGOL to pass m88 casino review by m88 casino Shanghai Stock Exchange and complete m88 casino registration with m88 casino China Securities Regulatory Commission (CSRC) in two months after its application was accepted. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s team was unanimously recognized and highly trusted by m88 casino Listed Company and m88 casino om88 casinor parties.

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