Announcement on Progress of Industrial and Commercial Change Registration for Acquisition of 100% Equity in Changshu Dongnan Hu-Dian Electronics Co., Ltd.
The company and the entire board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
I. Overview of the Transaction
Changzhou Guangyang Bearing Co., Ltd. (hereinafter referred to as the "Company") held its 19th meeting of the Fifth Board of Directors on April 17, 2026, and its 2026 First Extraordinary General Meeting of Shareholders on June 26, 2026. The proposal "Regarding the Acquisition of 100% Equity in Changshu Dongnan Hu-Dian Electronics Co., Ltd." was deliberated and approved. The Company acquired 100% equity of Changshu Dongnan Hu-Dian Electronics Co., Ltd. (hereinafter referred to as "Dongnan Hu-Dian") through cash payment (hereinafter referred to as the "Transaction"), thereby obtaining control of Dongnan Hu-Dian. The Company and the transferors have signed the conditional "Equity Acquisition Agreement for Changshu Dongnan Hu-Dian Electronics Co., Ltd." (hereinafter referred to as the "Transaction Agreement"). For details, please refer to the relevant announcements disclosed by the Company on the CNINFO website (www.cninfo.com.cn).