Fortune Precision: Plans to acquire 65% equity of Shanghai Riyang for 189 million yuan

Fortune Precision announced that the company intends to acquire a 65% equity interest in Riyang Electronic Technology Co., Ltd. held by Riyang Technology International Co., Ltd. by way of cash. As of December 31, 2025, the audited net assets of the target company were RMB 129.0268 million, and after negotiation the overall valuation of the target company's equity was set at RMB 290 million. The consideration for this transaction is RMB 189 million, with the source of funds being its own funds and/or bank loans. After the completion of this transaction, Shanghai Riyang will become a controlled subsidiary of the company and will be included in the scope of consolidated financial statements. This transaction does not constitute a major asset restructuring and does not constitute a related-party transaction. The relevant proposal will be submitted to the third extraordinary shareholders' meeting in 2026 for deliberation.