Shenzhen Yushun Electronics Co., Ltd.
Summary of the Acquisition Report
Company Name: Shenzhen Yushun Electronics Co., Ltd.
Stock Listing Venue: Shenzhen Stock Exchange
Stock Abbreviation: Yushun Electronics
Stock Code: 002289
Acquirer Name: Shanghai Fengwang Industrial Co., Ltd.
Acquirer Domicile: Room 533, Building 2, No. 301 Changdi Road, Zhuanghang Town, Fengxian District, Shanghai
Correspondence Address: No. 12 Gansu Road, Jing'an District, Shanghai
Signing Date: July 2026
Acquirer Statement
-
This report summary is prepared by the acquirer in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Takeover of Listed Companies, and the Content and Format Standards for Information Disclosure by Companies Offering Securities to the Public No. 16 - Acquisition Report of Listed Companies, and other relevant laws, regulations, and departmental rules.
-
In accordance with the aforementioned laws and regulations, this report summary has fully disclosed the shares in Yushun Electronics in which the acquirer holds an interest. As of the signing date of this report summary, except for the shareholding information disclosed herein, the acquirer has not increased or decreased its interest in Yushun Electronics through any other means.
-
The acquirer has obtained the necessary authorizations and approvals to sign this report summary, and its performance does not violate or conflict with any clauses in the acquirer's articles of association or internal rules.
-
Based on the number of shares issued in this offering, Shanghai Fengwang's subscription for the shares issued to specific targets will trigger its obligation to make a tender offer. According to Article 63 of the Administrative Measures for the Takeover of Listed Companies, investors may be exempted from making a tender offer under certain circumstances, including: "(3) With the approval of the non-associated shareholders of the listed company, the investor acquires new shares issued by the listed company, resulting in its interest in the company exceeding 30% of the issued shares, provided the investor commits not to transfer the newly issued shares within 3 years, and the shareholders' meeting agrees to exempt the investor from making a tender offer."
-
The acquirer, Shanghai Fengwang, has committed not to transfer the shares acquired in this issuance for 36 months from the completion date of the issuance, and may be exempted from the tender offer upon approval by the non-associated shareholders. The company's board of directors has requested the shareholders' meeting to approve the exemption for Shanghai Fengwang.
-
This acquisition is conducted based on the information stated in this report summary. Except for the acquirer and the professional institutions it has engaged, no other person has been entrusted or authorized to provide information not contained in this report summary or to make any explanations or statements regarding this report summary.
-
The acquirer warrants that this report summary does not contain any false records, misleading statements, or major omissions, and assumes individual and joint legal liability for its authenticity, accuracy, and completeness.
-
Approvals required prior to the implementation of this acquisition include, but are not limited to:
-
Approval of this private placement by the listed company's shareholders' meeting;
-
Approval of the exemption for the acquirer from making a tender offer by the listed company's non-associated shareholders;
-
Approval of this private placement by the Shenzhen Stock Exchange and the receipt of the registration approval from the China Securities Regulatory Commission.
This acquisition shall not be implemented until the aforementioned approvals are obtained. There is uncertainty as to whether this acquisition can obtain the aforementioned approvals or registrations, as well as the final timing for obtaining such approvals, and investors are advised to be aware of investment risks.