Wuhan Jingce Electronic Group (300567.SZ) plans to spend 88.5 million yuan to acquire 72.5% equity in its affiliated company Jiangmen Jingce.

Announcement from Wuhan Jingce Electronic Group (300567.SZ): The company and its affiliated company Jiangmen Wuhan Jingce Electronic Group Technology Co., Ltd. (referred to as "Jiangmen Jingce" or "Target Company")'s shareholder Jiangmen Guanghui New Measurement Technology Partnership Enterprise (Limited Partnership) (referred to as "Guanghui New Measurement") signed a "Equity Transfer Agreement" on January 9, 2025. The company plans to acquire 72.5% equity of the Target Company held by Guanghui New Measurement with its own funds of RMB 88.5 million (corresponding to a registered capital of RMB 217.5 million, of which Guanghui New Measurement has actually paid up RMB 88.5 million in registered capital). The transfer price of the equity in this transaction is RMB 1 for each registered capital share, with an uncalled registered capital of RMB 129 million in the acquired equity of the Target Company, which the acquirer will be responsible for in terms of subsequent payments according to the amended articles of association. Upon completion of this transaction, the company will hold 100% equity of Jiangmen Jingce. The acquisition of the equity of the affiliated company in this transaction will help accelerate the company's industrial layout, enhance market share, and is in line with the needs of the company's overall strategic development, facilitating better integration and optimization of resources.