Transaction Overview
Shanghai Shunhao New Materials Technology Co., Ltd. (hereinafter referred to as "the Company") held the twelfth meeting of the sixth board of directors on January 13, 2026, where it approved the proposal regarding the capital increase and related transactions with Beijing Rail Transit Chuangguang Technology Co., Ltd. (hereinafter referred to as "Chuangguang" or "the Target Company"). The Company will increase its investment by RMB 74,980,370.16, resulting in an ownership stake of 28.6800% in Chuangguang after the capital increase. This capital increase will not change the scope of the Company's consolidated financial statements. The related directors abstained from voting, and the proposal was also approved by the second meeting of the independent directors and the tenth meeting of the audit committee of the sixth board of directors. For specific details, please refer to the Company's announcements published on January 14, 2026, in the Securities Daily and on the Giant Tide Information Network (www.cninfo.com.cn) regarding the resolutions of the twelfth meeting of the sixth board of directors (Announcement No.: 2026-003) and the announcement on the capital increase and related transactions with Beijing Rail Transit Chuangguang Technology Co., Ltd. (Announcement No.: 2026-004). However, prior to signing the capital increase agreement, another shareholder of Chuangguang, Beijing Chuncheng Xingji Technology Development Center (hereinafter referred to as "Chuncheng Xingji"), subscribed to an additional registered capital of RMB 239,130.43 at a capital increase price of RMB 20,000,000. Therefore, according to the capital increase agreement signed by all parties, the Company's ownership stake in Chuangguang will be 27.8174% after the capital increase. Additionally, due to Mr. Zhang Zheyuan, the Company's co-president, serving as the executive partner (designated representative) of Chuncheng Xingji, this capital increase constitutes a joint capital increase with a related party according to the relevant provisions of the Shenzhen Stock Exchange Listing Rules.
Basic Information of Related Party
The Company and all members of the board guarantee that the announcement content is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
- Company Name: Beijing Chuncheng Xingji Technology Development Center
- Company Type: Limited Partnership
- Executive Partner: Chushui (Beijing) Investment Fund Management Co., Ltd.
- Establishment Date: March 20, 2025
- Address: 13th Floor, Building 1, No. 9 Yongxu North Road, Haidian District, Beijing
- Contribution Amount: RMB 10 million
- Unified Social Credit Code: 91110108MAEETDQN2H
- Business Scope: General projects: technical services, technical development, technical consulting, technical exchanges, technology transfer, technology promotion; technology intermediary services; enterprise management consulting; conference and exhibition services; education consulting services (excluding education and training activities subject to licensing approval); software development; integrated circuit design; computer system services. (Except for projects that require approval according to law, business activities are conducted independently with a business license.) (Prohibited from engaging in business activities that are prohibited and restricted by national and municipal industrial policies.)
- According to inquiries on the China Execution Information Disclosure Network (http://zxgk.court.gov.cn/) and Credit China (https://www.creditchina.gov.cn/), no information was found indicating that Chuncheng Xingji is subject to compulsory execution or has been executed for dishonesty, and it is not classified as a dishonest person.
Cumulative Related Transactions with the Related Party
From the beginning of the year to the disclosure date, the total amount of various related transactions between the Company and Chuncheng Xingji is RMB 0.