Announcement on the Company's Acquisition of Equity in Borrallis (Nanjing) Co., Ltd.
The board of directors and senior management of the company guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Notice:
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Furi Group Co., Ltd. (hereinafter referred to as the "Company" or "Party A"), Borrallis Co., Ltd. (hereinafter referred to as "Borrallis" or "Party B", the "Transferor"), Nanjing Zhongli Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Nanjing Zhongli" or "Party C"), and Borrallis (Nanjing) Co., Ltd. (hereinafter referred to as "Borrallis (Nanjing)" or the "Target Company") signed the "Equity Transfer Agreement" (hereinafter referred to as the "Agreement") in Gaomi City, Shandong Province on July 16, 2026. The Company will acquire 78.80% of the equity in Borrallis (Nanjing) for RMB 399.6 million. Upon completion of the transaction, Borrallis (Nanjing) will become a controlling subsidiary of the Company and will be included in the consolidated financial statements.
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Risk Warning:
(1) Industry Risks
The silicon-carbon anode industry is still in a rapid development phase, and the technological routes are not yet fully established. There is still uncertainty as to whether the CVD silicon-carbon route will continue to be recognized by mainstream battery manufacturers and whether the industrialization process will meet expectations. At the same time, industry competition is intensifying. If leading material manufacturers accelerate their layout in related fields in the future, it may further increase technological iteration pressure and price competition pressure.
In addition, silicon-based anode materials have high requirements for upstream raw materials, equipment, and process stability. If raw material prices fluctuate significantly in the future, it may also have a certain impact on the company's profitability.
(2) Operational Risks
The target company currently has a relatively concentrated customer structure, and external customer acquisition is not yet fully mature. If procurement volume declines in the future, or customer validation progresses slower than expected, it may have a significant impact on the company's operating performance.
At the same time, the company is still in a phase of capacity expansion. There is uncertainty in the construction of new material production lines, equipment debugging, and yield ramp-up in the future. In addition, the silicon-carbon material industry relies heavily on core technical personnel. If key team members leave in the future, it may also affect the company's technological advantages and industrialization progress.
(3) Geopolitical Risks
The target company has deep business ties with US customers. Changes in the geopolitical environment between China and the US may have a certain impact on the future stability of the company's business. If export restrictions, technology restrictions, supply chain restrictions, or other regulatory changes occur in the future, it may affect the sustainability of the cooperation between the two parties and further affect the operational stability of the target company.
At the same time, some overseas customers are sensitive to supply chain compliance and geopolitical risks. Changes in the international trade environment may also affect the pace of the company's overseas customer expansion.
(4) Transaction Risks
This transaction involves domestic and foreign shareholder structures, related party transaction verification, and potential cross-border arrangements. The overall transaction structure is relatively complex, and there is still uncertainty in subsequent regulatory approvals, closing arrangements, and fund transfers.
We kindly remind investors to invest cautiously and be aware of investment risks.