002559SZSE

Announcement on Signing of Investment Intent Letter

✨ AI Summary

Jiangsu Yawei Machine Tool Co., Ltd. has signed a preliminary investment intent letter with Belgian company Haco NV for equity and technology cooperation. The specific transaction details will be negotiated further based on due diligence results. This transaction is not expected to significantly impact the company's financial status or independence.

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Full Translation

AI Translation· azure_openai

Securities Code: 002559

Securities Abbreviation: Yawei Co., Ltd.

Announcement Number: 2026-040

Jiangsu Yawei Machine Tool Co., Ltd. announces the signing of an investment intent letter. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. The signed investment intent letter is a non-binding agreement, representing the preliminary intentions of the parties regarding the investment. Specific transaction plans and amounts will be further negotiated based on due diligence, audit, and evaluation results, and will be finalized in a formal investment agreement.
  2. This transaction does not constitute a related party transaction and is not expected to constitute a significant asset restructuring. The company will fulfill the necessary decision-making and disclosure obligations in accordance with the Articles of Association, the Shenzhen Stock Exchange Listing Rules, and relevant laws and regulations.
  3. The transaction is still in the preliminary intent stage and carries significant uncertainty. It will not affect the company's business independence or have a significant impact on its current operating performance and financial condition.

I. Transaction Overview

Jiangsu Yawei Machine Tool Co., Ltd. (hereinafter referred to as "the Company" or "Yawei") intends to engage in equity and technology cooperation with Belgian industrial machinery and machine tool manufacturer Haco NV (hereinafter referred to as "Haco"). Both parties have reached a preliminary cooperation intention and signed the "Investment Intent Letter" on May 29, 2026. Specific transaction amounts and plans will be further negotiated based on due diligence, audit, and evaluation results, and will be finalized in a formal investment agreement.

II. Basic Information of the Counterparty

  • Company Name: Haco NV
  • Legal Representatives: Kurt Havegeer, Francky Havegeer, Renaat Denolf
  • Registered Capital: €3,100,000
  • Registered Address: 120 Okens Street, Roeselare, Belgium
  • Registration Date: January 1, 1968
  • Business Scope: Investment holding company with several subsidiaries engaged in the R&D, production, and sales of metal forming machine tools and other specialized machinery products.

Haco NV has no related party relationships with the Company, its directors, senior management, or the top ten shareholders.

III. Main Content of the Investment Intent Letter

Yawei and Haco intend to conduct equity and technology cooperation regarding related business assets. For this cooperation, Haco will undertake a series of restructuring of the relevant business assets. After the restructuring is completed, Yawei will conduct due diligence, audit, and evaluation of the restructured business assets. The intent letter specifies the agreed terms for advancing this equity and technology cooperation.

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