Zhuzhou Hongda Electronics Corp., Ltd. (300726.SZ) plans to acquire a 2.57% stake in its subsidiary Hongda Magnetoelectric Co., Ltd., and a 3% stake in Huayi Microwave.

Zhuzhou Hongda Electronics Corp., Ltd. (300726.SZ) announced that the board of directors and the supervisory board have approved the "Proposal on Acquisition of Minority Shareholders Equity of Controlling Subsidiaries and Related Transactions". Zhuzhou Hongda Magnetoelectric Technology Co., Ltd. (referred to as "Hongda Magnetoelectric") is a controlling subsidiary of the company. The company has decided to acquire 2.57% of the shares held by Ms. Liang Xuefei, one of the minority shareholders of Hongda Magnetoelectric, at a price of RMB 4,283,205. Other minority shareholders have waived their preemptive rights. Zhuzhou Huayi Microwave Technology Co., Ltd. (referred to as "Huayi Microwave") is also a controlling subsidiary of the company. The company has decided to acquire 3% of the shares held by Ms. Liang Xuefei, one of the minority shareholders of Huayi Microwave, at a price of RMB 437,400. Other minority shareholders have waived their preemptive rights. The announcement stated that this related transaction is a normal requirement for the company's business development, and is reasonable and necessary. In order to allocate resources reasonably and achieve mutual benefits and win-win results.