Securities Code: 002515
Securities Abbreviation: Jinzi Ham
Announcement Number: 2026-032
Jinzi Ham Co., Ltd.
Announcement on Progress of Wholly-Owned Subsidiary's External Investment
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Special Risk Warning:
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The Company's management team has certain limitations in terms of industry technical accumulation, experience, and management capabilities. There have been instances of unsuccessful external investments in the past (such as acquiring 51% of the equity of Zhongyu Capital Management (Beijing) Co., Ltd. through equity purchase and capital increase in 2016, and acquiring 12.2807% of the equity of Zhejiang Yindunyun Technology Co., Ltd. through capital increase in 2023). There is a risk that the performance of this cross-industry external investment may not meet expectations.
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The target company is not yet profitable, and its future profitability remains uncertain. This round of capital increase is based on a pre-investment valuation of no more than RMB 1.85 billion and no less than RMB 1.35 billion (the final valuation will be based on the valuation report). If calculated based on the pre-investment valuation of RMB 1.85 billion, the appreciation rate as of December 31, 2025, is 1497.19%. If calculated based on the pre-investment valuation of RMB 1.35 billion, the appreciation rate as of December 31, 2025, is 1065.52%. There is a risk that the valuation of this transaction may be too high, leading to the risk of impairment provisions for long-term equity investments in the future. Investors are kindly advised to pay attention to investment risks.