Recently, Original's major asset restructuring project was approved by the Shanghai Stock Exchange. Original plans to acquire AAMI, a global top five semiconductor lead frame supplier, through a composite model of "asset replacement + cross-border share swap." This transaction is the first A-share merger and acquisition project involving "cross-border share swap" after the Ministry of Commerce and five other departments revised and released the "Management Measures for Strategic Investment by Foreign Investors in Listed Companies" in November 2024. An investment banker told reporters that this transaction has achieved an innovative transaction structure for A-share companies to introduce international industry leading shareholders through cross-border mergers and acquisitions, enhancing the certainty and convenience of cross-border M&A transactions, and has demonstrative significance for the capital market. Looking ahead, the promotion of "cross-border share swap" cases will enhance the ability of A-share listed companies to acquire high-quality global assets and is expected to further promote the internationalization and marketization process of the A-share market