Guangdong Genesis Intelligent Equipment Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Important Content Reminder:
- Guangdong Genesis Intelligent Equipment Group Co., Ltd. (hereinafter referred to as "the Company") subsidiary Genesis Investment (Shenzhen) Co., Ltd. (hereinafter referred to as "Genesis Investment") intends to transfer its 20.81967% equity in Guangzhou Feihong Intelligent Equipment Co., Ltd. (hereinafter referred to as "Feihong Intelligent" or "the Target Company"). After the equity transfer, Feihong Intelligent will change from a controlling subsidiary of Genesis Investment to an associated company.
- During the period when Feihong Intelligent was a controlling subsidiary of the Company, the Company's subsidiary provided loans to support its daily operations, with a remaining balance of 30 million yuan as of the date of this board meeting. After the completion of this equity transfer, the aforementioned loan will passively form related financial assistance, essentially continuing the financial transactions between the Company and its former controlling subsidiary.
- This related financial assistance matter has been reviewed and approved by the Company's second independent director special meeting of 2026, the first meeting of the seventh board of directors' strategic committee, and the third meeting of the seventh board of directors, and is subject to shareholder meeting review. The Company will fulfill its information disclosure obligations in a timely manner according to relevant laws, regulations, and normative documents. Investors are advised to make cautious decisions and pay attention to investment risks.
On March 30, 2026, the Company held the third meeting of the seventh board of directors, which approved the proposal on the passive formation of related financial assistance due to the transfer of controlling subsidiary equity with a vote of 5 in favor, 0 against, and 0 abstentions. The Company's subsidiary Genesis Investment intends to transfer its equity in Feihong Intelligent to Guangzhou Feihong Intelligent Technology Co., Ltd. (hereinafter referred to as "Feihong Technology"). After the completion of this transfer, Feihong Intelligent will change from a controlling subsidiary of Genesis Investment to an associated company. Additionally, since Mr. Wu Yongbing, the Company's deputy general manager and board secretary, serves as a director of Feihong Intelligent, the loan from the Company's subsidiary to Feihong Intelligent will passively form related financial assistance after the completion of this transfer. The specific situation is as follows:
I. Basic Information on the Equity Transfer
(1) Basic Information
To further focus on business development, optimize resource allocation, and consolidate the Company's core competitiveness, Genesis Investment intends to transfer its 20.81967% equity in Feihong Intelligent to Feihong Technology. After the completion of this transfer, Genesis Investment will hold 30% of Feihong Intelligent, while Feihong Technology will hold 70%, and Feihong Intelligent will no longer be included in the Company's consolidated financial statements.