300120SZSE

Announcement on the Progress of External Investment and Equity Acquisition

Tianjin Jingwei Huikai Optoelectronic Co., Ltd.·February 24, 2026

✨ AI Summary

Tianjin Jingwei Huikai Optoelectronics Co., Ltd. has approved the acquisition of 100% equity in ZTE System Technology Co., Ltd. for a total price of RMB 850 million. As of the announcement date, RMB 600 million has been paid to the shareholders of ZTE System. The parties will facilitate the timely registration of the equity transfer with the relevant authorities.

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Full Translation

AI Translation· azure_openai

I. Overview of External Investment

Tianjin Jingwei Huikai Optoelectronics Co., Ltd. (hereinafter referred to as "Jingwei Huikai" or "the Company") held the 13th meeting of the 6th Board of Directors and the 4th extraordinary general meeting of shareholders on October 17, 2025, and November 6, 2025, respectively, to review and approve the proposal on external investment and equity acquisition. The Company intends to acquire 100% equity of ZTE System Technology Co., Ltd. (hereinafter referred to as "ZTE System") held by Shenzhen Yingu

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