Announcement on the Exclusion of a Controlling Subsidiary from the Consolidated Financial Statements
Shenzhen Hangjin Technology Co., Ltd.
Securities Code: 000818
Securities Abbreviation: Hangjin Technology
Announcement No.: 2026-012
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- Shenzhen Hangjin Technology Co., Ltd. (hereinafter referred to as "Hangjin Technology" or "the Company") announces that its controlling subsidiary, Wuhan Chaoqing Smart Technology Co., Ltd. (hereinafter referred to as "Chaoqing Smart"), will no longer be included in the consolidated financial statements following the expiration of the voting rights delegation agreement signed by its shareholder, Beijing Shuxun Yonghe Technology Center (Limited Partnership) (hereinafter referred to as "Shuxun Yonghe"). The company's articles of association will be amended, and board seats will be adjusted.
- Hangjin Technology's wholly-owned subsidiary, Hangjin (Wuhan) Artificial Intelligence Technology Co., Ltd. (hereinafter referred to as "Hangjin (Wuhan)"), originally held 45.41% of the voting rights in Chaoqing Smart, of which 12.35% held by Shuxun Yonghe and delegated to Hangjin (Wuhan) will expire on December 31, 2025. After expiration, Shuxun Yonghe will no longer delegate voting rights, and the company's voting rights in Chaoqing Smart will change to 33.06%, with the company holding two seats on Chaoqing Smart's board. Given these circumstances, Chaoqing Smart will no longer be included in the company's consolidated financial statements starting in 2026.
- After the exclusion, Chaoqing Smart will become an affiliated entity of the company. According to the "Self-Regulatory Guidelines No. 7 for Listed Companies of the Shenzhen Stock Exchange - Transactions and Related Transactions," if a listed company has changes in the scope of consolidated financial statements resulting in new affiliates, transactions with such affiliates that were signed and are being performed before the occurrence of the relevant circumstances are exempt from the related transaction review procedures stipulated in the "Stock Listing Rules." As of now, the company has no financial assistance or guarantees provided to Chaoqing Smart, except for normal business contracts.