On December 3, the Star Daily reported (Reporter Guo Hui) that what are the possible directions for investments and mergers in traditional cybersecurity leaders? Hangzhou dbappsecurity co., ltd. may have provided new options.

Tonight (December 3), Hangzhou dbappsecurity co., ltd. announced that it plans to acquire 5.33% of the shares of Fanshuang Technology to invest in the anti-drone business area, entering the low-altitude economy sector, and has reached a deep cooperation with Fanshuang Technology at the business level.

The basic situation of the transaction shows that Hangzhou dbappsecurity co., ltd. intends to use its own funds of 40 million yuan to participate in the public trading of a total of 5.33% equity of Zhejiang Fanshuang Technology Co., Ltd. (hereinafter referred to as 'Fanshuang Technology') held by Hangzhou Shuangcheng Tongchuang Enterprise Management Partnership (Limited Partnership), Chen Liya, Wang Bowen, and other parties.

Based on this calculation, Fanshuang Technology is currently valued at 0.75 billion yuan.

Fanshuang Technology was established in 2013 and is currently listed on the national equities exchange and quotations, with Shuxiaojun as the actual controller; the company focuses on the area of asia vets.

It is reported that the company has innovatively broken through two core technologies of wireless communication and big data applications, developing a series of products such as IoT perception, low-altitude security, wireless signal control, and big data applications, capable of providing three-dimensional prevention and control solutions based on wireless technology and building an all-round wireless security system.

In terms of market users, Fanshuang Technology's products have been widely applied in public security, military, energy, and other industries, launching diversified low-altitude safety products to meet the security needs of various industries across multiple dimensions and scenarios.

Hangzhou dbappsecurity co., ltd. stated that by leveraging its technological advantages in products such as situational awareness, it will integrate the comprehensive strength of hardware and software from both Hangzhou dbappsecurity co., ltd. and fan shuang technology to provide users with integrated products, solutions, and services for low-altitude economic safety supervision and collaboration, all-domain safety monitoring and key protection, and scenario-based safety operation platform development. While promoting cross-domain technological innovation and application, it will also provide solid technical support for Hangzhou dbappsecurity co., ltd. in the product application and sustainable development in the low-altitude safety field.

In the first three quarters of this year, fan shuang technology reported a net income loss of nearly 24 million yuan. Meanwhile, the total assets of this symbol in the first three quarters of this year amounted to 0.33 billion yuan, with a revenue of 47.4289 million yuan.

The equity acquisition sets performance commitments. In the first phase (i.e., 2025), the actual controller of fan shuang technology, Shu Xiaojun, promises that the audited net income attributable to the parent company will not be less than 40 million yuan; in the second phase (2026), the audited net income attributable to the parent company will not be less than 60 million yuan; in the third phase (2027), the audited net income attributable to the parent company will not be less than 80 million yuan.

It is worth noting that this stock acquisition plan also includes a share repurchase agreement. If, by December 31, 2028, fan shuang technology fails to achieve a qualified IPO or is not acquired by an A-share listed company, then Hangzhou dbappsecurity co., ltd. will have the right to request the actual controller of fan shuang technology, Shu Xiaojun, to repurchase the shares held by him.