Guangzhou Kormee Automotive Electronics Co., Ltd.
Regarding
Shenzhen Stock Exchange
"Reply to Shenzhen Stock Exchange's Inquiry on Asset Purchase Application by Guangzhou Kormee Automotive Electronics Co., Ltd. (Inquiry No. 2026 130008)"
Reply
(Revision)
Independent Financial Advisor Inquiry
Date of signature: [blank]
Shenzhen Stock Exchange:
Regarding the inquiry issued on April 10, 2026, concerning the asset purchase application by Guangzhou Kormee Automotive Electronics Co., Ltd. (Inquiry No. 2026 130008), the company has responded to the inquiry from the Shenzhen Stock Exchange.
The inquiry relates to the company's issuance of shares for asset purchase and its compliance with relevant regulations. The company has provided detailed explanations regarding its business operations and financial projections.
The response includes clarifications on the company's business model, market conditions, and financial forecasts.
Table of Contents
- About the Asset Management Model .......................................................... 4
- About Profit Evaluation ........................................................................ 34
- About the Asset's Revenue and Expense Preparation .......................... 63
- About Trading Background and Integration ......................................... 72
- Other Matters ......................................................................................... 94
Question 1: About the Asset Management Model
The application document states: (1) In terms of product sales, Wuhan Kormee Automotive Electronics Co., Ltd. (hereinafter referred to as "Kormee") primarily focuses on the design, development, and sales of liquid pressure control system components for PCBA products. The products are sold in the market under the company's brand. (2) In terms of technical services, the company and its related parties have established business relationships with various service providers. The company's products are based on its self-developed control system technology.
The inquiry also seeks to clarify the company's market positioning and competitive advantages in the industry.
Table
| Company Name | Main Business Area | Company Status |
|---|---|---|
| Kormee | Automotive Electronics | Established in 2026, focusing on PCBA products. |
Question 2: About Profit Evaluation
The company has provided its financial projections for the upcoming years, indicating expected growth in revenues and profit margins. The company anticipates a steady increase in market demand for its products, driven by advancements in automotive technology.
Question 3: About the Asset's Revenue and Expense Preparation
The company has outlined its revenue and expense management strategies, ensuring compliance with industry standards and regulations. The financial forecasts indicate a positive outlook for the company's profitability.
Question 4: About Trading Background and Integration
The company has discussed its trading background and integration strategies, emphasizing its commitment to maintaining a competitive edge in the market. The response highlights the importance of strategic partnerships and collaborations in achieving business objectives.
6. Core Competitiveness and Industry Position
In conjunction with the analysis of industry competitiveness, market supply, and demand, the core competitiveness of the company is expected to manifest in the following aspects:
The company's core electric control system technology is primarily focused on ABS, ESC, and EPB systems, emphasizing the development of core control algorithms. The company has established a solid foundation in the field of electric control systems, particularly in the automotive sector, where it has made significant advancements. Furthermore, the company is actively engaged in research and development to enhance its core technology capabilities, thereby ensuring that it can adapt to market demands and technological advancements.
The company has built a strong team in the field of electric control systems, which is crucial for the development of core technology. The team is composed of experts in software, hardware design, and system integration, ensuring that the company can maintain a competitive edge in the market. The company is also committed to fostering talent development and innovation, which will support its long-term growth strategy.