Announcement on Signing an Equity Acquisition Intent Agreement
The company and the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Special Notice:
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Zhongyi Feng Puopsin Materials Technology Co., Ltd. (hereinafter referred to as "Puopsin" or "the Company") plans to acquire 51% of the equity of Suzhou Mengying Electronic Technology Co., Ltd. (hereinafter referred to as "Mengying Electronic" or "the Target Company") in cash. Upon completion of this transaction, the Target Company will become a controlling subsidiary of the Company and will be included in the consolidated financial statements of the listed company.
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The "Equity Acquisition Intent Agreement" signed this time is a preliminary intent agreement reached by both parties regarding the acquisition matters. This acquisition matter will be subject to further negotiation based on the results of due diligence, audit, and evaluation, and will be subject to the final signing of the formal share acquisition agreement after fulfilling the necessary decision-making and approval procedures. This acquisition matter is still uncertain, and investors are advised to make cautious decisions and pay attention to investment risks.
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The overall valuation of 100% of the Target Company's equity will be based on the evaluation report and the formally signed acquisition agreement.
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The Target Company's industry is in a state of intense competition. The Target Company's overall assets and scale of operations are relatively small, facing the impact of macroeconomic environment, market competition, industrial policies, customer demand, and technological iteration. There is a risk that the target company's profitability may not meet expectations.
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According to the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant regulations, this transaction does not constitute a related party transaction. This transaction is not expected to constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
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The Company will, based on the progress of the cooperation matters, fulfill the necessary decision-making procedures and information disclosure obligations in a timely manner in accordance with the "Shenzhen Stock Exchange Stock Listing Rules" and other laws and regulations and the "Articles of Association."
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I. Overview of the Intent to Acquire
On August 18, 2026, the Company and Shi Yanku (collectively referred to as the "Counterparty") signed the "Equity Acquisition Intent Agreement." The Company intends to acquire 51% of the equity of Mengying Electronic in cash, thereby gaining control of Mengying Electronic. The overall valuation of 100% of the Target Company's equity will be based on the evaluation report and the formally signed acquisition agreement. This transaction does not constitute a related party transaction. This transaction is not expected to constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
II. Basic Information of the Counterparty
Counterparty:
Shi Yanku: A Chinese national, founder of Mengying Electronic, currently serves as the executive director and general manager of Mengying Electronic, and is also the legal representative. As of the signing date of the agreement, Shi Yanku directly holds 65.333% of the Target Company's equity and indirectly holds 25.068%. Specifically, he indirectly holds 11.655% through Suzhou Lingyan Enterprise Management Partnership (Limited Partnership), 9.57% through Suzhou Mengying Li Management Consulting Co., Ltd., 1.848% through Suzhou Mengying Huaxin Enterprise Management Partnership (Limited Partnership), and 1.995% through Suzhou Taihonghua Enterprise Management Partnership (Limited Partnership). He is the actual controller of the Target Company.