Shanghai Nar Industrial(002825.SZ) plans to acquire the controlling stake of Lanwei Electronics, further enriching the company's industrial layout.

Shanghai Nar Industrial (002825.SZ) announced that the company ("investor") has signed an "investment intention agreement" with Jiangxi Lanwei Electronic Technology Co., Ltd. ("target company"). The investor will invest in the target company by acquiring a portion of the target company's equity held by the seller and simultaneously increasing the capital of the target company. After this investment is completed, the investor will hold no less than 51% of the equity of the target company, obtaining control of the target company. The specific ratio of equity acquisition and amount of capital increase will be clearly stated in the formal transaction agreement. Preliminary assessments based on information provided by the counterparty indicate that the target company's operating income for 2023 accounts for a proportion of the listed company's operating income exceeding 10% but less than 50%. It is expected that this transaction will not meet the criteria for a major asset restructuring as stipulated in the "Reorganization Management Measures". The estimated overall valuation of the target company is around 100 million to 200 million yuan (RMB), with the final valuation to be determined by the evaluation results provided by the asset appraisal institution, based on the specific circumstances of the investment method, amount, ratio, due diligence results, etc. The announcement states that, in line with the company's overall strategic layout and business development direction, the target company will become a controlling subsidiary of the listed company through this transaction, enriching the company's industrial layout. This transaction reflects the listed company's strategy of actively developing new productive forces, maintaining steady operations, and exploring new fields to obtain new profit growth points and development opportunities. Shanghai Nar Industrial is mainly engaged in the research, production, and sales of digital printing materials, automotive protective films, optical and electronic functional films in the field of precision coating composite materials. Lanwei Electronics and the wholly-owned subsidiary of Shanghai Nar Industrial, Fengcheng Nar, are both located in Jiangxi Province. Lanwei Electronics and Fengcheng Nar have potential complementary cooperation in land resources, factory construction, technology research and development, and operational management. Through this industrial investment, mutual complementation in various aspects will be achieved, further enhancing the sustainable operation capability of the listed company, increasing its value, and benefiting shareholders.