002859SZSE
🚨 Material Event

Announcement on Wholly-Owned Subsidiary's Investment in "Annual Output of 50,000 Tons of High-End Electronic Component Packaging New Material Project" and Signing of Investment Agreement

✨ AI Summary

Zhejiang Jiemei Electronic Technology Co., Ltd. announces its wholly-owned subsidiary will invest RMB 700 million in Anji County, Zhejiang Province, to build a new material project for high-end electronic component packaging. The project aims to expand production capacity and meet market demand. The investment is within the board's authority and does not constitute a related party transaction or major asset restructuring.

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Full Translation

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Securities Code: 002859

Bond Code: 128137

Securities Abbreviation: Jiemei Technology

Bond Abbreviation: Jiemei Convertible Bond

Announcement Number: 2026-060

Zhejiang Jiemei Electronic Technology Co., Ltd.

Announcement on Wholly-Owned Subsidiary's Investment in "Annual Output of 50,000 Tons of High-End Electronic Component Packaging New Material Project" and Signing of Investment Agreement

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.

I. Overview of the Investment Project

To further enhance the production technology level of high-end electronic component packaging materials of Zhejiang Jiemei Electronic Technology Co., Ltd. (hereinafter referred to as the "Company"), expand production capacity, and meet the growing demand for downstream high-end electronic component packaging materials, the Company's wholly-owned subsidiary, Zhejiang Jiemei Electronic Information Materials Co., Ltd. (hereinafter referred to as "Zhejiang Jiemei Electronic Materials"), signed the "Anji County Investment Promotion Project Investment Agreement" (hereinafter referred to as the "Agreement") with the People's Government of Meixi Town, Anji County, Zhejiang Province on June 12, 2026. The company plans to invest RMB 700 million in the Lingang Industrial Park, Meixi Town, Anji County, Zhejiang Province, to build the "Annual Output of 50,000 Tons of High-End Electronic Component Packaging New Material Project."

On June 12, 2026, the Company held the seventh meeting of its fifth Board of Directors, which deliberated and approved the "Proposal on Wholly-Owned Subsidiary's Investment in the 'Annual Output of 50,000 Tons of High-End Electronic Component Packaging New Material Project' and Signing of Investment Agreement." In accordance with the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," the "Articles of Association," and the "Management System for External Investments," this investment project is within the scope of the Board of Directors' decision-making authority and does not require submission to the shareholders' meeting for deliberation. This investment does not constitute a related party transaction, nor does it constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."

II. Introduction of the Counterparty

Party A: People's Government of Meixi Town, Anji County

Address: No. 1 Renmin Road, Meixi Town, Anji County, Zhejiang Province

Contact Person: Wang Xin

III. Basic Information of the Investment Project

(I) Project Name

Annual Output of 50,000 Tons of High-End Electronic Component Packaging New Material Project

(II) Implementing Entity

Zhejiang Jiemei Electronic Information Materials Co., Ltd.

(III) Construction Objectives and Tasks

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