Gaolingsystem Proposes to Acquire Controlling Stake in Kaireixin Tong; Target Company Previously Discussed "Strategic Partnership" with Dongzhu Ecology | Quick Read Announcement

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Caixin News, March 16 — (Reporter Liang Xiangcai) In less than two months, after the deal with Dongzhu Ecology (603359.SH) fell through due to valuation disagreements, satellite communication manufacturer Kai Rui Xing Tong Information Technology (Nanjing) Co., Ltd. (hereinafter “Kai Rui Xing Tong”) is once again knocking on the door of A-shares, this time choosing the STAR Market company Gao Ling Information (688175.SH).

Tonight, Gao Ling Information announced that it plans to acquire control of Kai Rui Xing Tong through issuing shares and paying cash, and will raise supporting funds. The company’s stock will be suspended starting March 17. This transaction is still in the planning stage, and there are uncertainties involved.

Public information shows that Kai Rui Xing Tong mainly engages in satellite communication technology and system research and development, production. Its product lines cover satellite communication baseband products, satellite network management systems, and terminal equipment. It has participated in projects such as “Shenzhou series spacecraft search and rescue,” “Lunar and planetary infrastructure construction,” and “China Star Network low Earth orbit satellite constellation system.”

In September last year, Dongzhu Ecology disclosed plans to acquire 89.49% of Kai Rui Xing Tong’s shares. This deal was announced to be terminated on January 31 this year. Dongzhu Ecology stated in its announcement that the transaction was terminated because “an initial consensus on valuation and other commercial terms could not be reached,” and after friendly negotiations, the decision was made to end the acquisition.

The announcement shows that as of June 30, 2025, Kai Rui Xing Tong’s total assets amount to 448 million yuan, with operating revenue of 110 million yuan and net profit of 7.8164 million yuan in the first half of 2025.

Unlike the “cross-industry change” by Dongzhu Ecology half a year ago, Gao Ling Information’s recent acquisition has a clearer industry synergy logic. Gao Ling Information mainly provides military telecommunications equipment and environmental IoT services, primarily serving defense and government-enterprise clients, which aligns well with Kai Rui Xing Tong’s satellite communication technology, emergency communication, and military applications.

It is worth noting that as of this announcement, the final valuation of Kai Rui Xing Tong has not yet been determined, and the involved parties still need to negotiate. Additionally, Gao Ling Information terminated its acquisition plan for Shanghai Xin Nuo Communication in June last year. The company stated in the announcement that the termination was due to “the parties involved in the transaction failing to reach a final agreement on the cooperation plan.”

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