Grand Concord Electronics Co., Ltd.
Announcement on Equity Change of Shareholder's Concerted Party Reaching 1% Integer Multiple, Progress of Share Increase Plan, and Change of Largest Shareholder
Shanghai Weihow Chuangxin Investment Management Co., Ltd. guarantees that the information provided to this company is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
The company and the board of directors guarantee that the content of this announcement is consistent with the information provided by the information disclosure obligor.
Special Notes:
-
Shanghai Weihow Chuangxin Investment Management Co., Ltd. (hereinafter referred to as "Weihow Chuangxin") cumulatively increased its holdings of Grand Concord Electronics Co., Ltd. (hereinafter referred to as "the Company") by 5.4352 million shares through centralized bidding transactions on the Shenzhen Stock Exchange on August 7, 2026, and August 10, 2026, accounting for 1.49% of the Company's current total share capital. After this increase, Weihow Chuangxin holds 32.2748 million shares of the Company, accounting for 8.85% of the Company's current total share capital, becoming the largest shareholder of the Company.
-
After this increase, Wuxi Weihou Semiconductor Co., Ltd. (hereinafter referred to as "Wuxi Weihou"), the controlling shareholder of the Company, and its concerted party, Weihow Chuangxin, together hold 16.49% of the Company's shares, an increase from 15.00%. The equity change has reached an integer multiple of 1%.
-
This equity change will not lead to a change in the Company's controlling shareholder or actual controller, nor will it have a significant impact on the Company's governance structure and continuous operation.
I. Main Content of the Share Increase Plan
On July 20, 2026, the Company received a "Letter of Notification on the Share Increase Plan" from Weihow Chuangxin, a concerted party of the controlling shareholder Wuxi Weihou. Based on its confidence in the Company's future sustainable and stable development and its recognition of its long-term investment value, Weihow Chuangxin plans to increase its holdings of the Company's shares through self-raised funds within 6 months from the disclosure of the share increase plan, at a price not exceeding RMB 35 per share through centralized bidding transactions on the Shenzhen Stock Exchange. The amount of shares to be increased will be no less than RMB 150 million and no more than RMB 250 million. For details, please refer to the "Announcement on the Share Increase Plan of the Controlling Shareholder's Concerted Party of Grand Concord Electronics Co., Ltd." (Announcement No.: 2026-057).
On July 31, 2026, the Company disclosed the "Detailed Report on Equity Change of Grand Concord Electronics Co., Ltd." and the "Announcement on the Equity Change of the Controlling Shareholder's Concerted Party of Grand Concord Electronics Co., Ltd. Reaching 5% Integer Multiple and Progress of Share Increase Plan" (Announcement No.: 2026-061).
On August 4, 2026, the Company disclosed the "Announcement on the Controlling Shareholder's Concerted Party of Grand Concord Electronics Co., Ltd. Obtaining a Special Loan for Share Increase Commitment Letter" (Announcement No.: 2026-06).