Securities Code: 300263
Securities Abbreviation: Longhua Technology
Announcement No.: 2026-031
Longhua Technology Group (Luoyang) Co., Ltd.
Announcement on the Establishment of a Joint Venture by a Wholly-Owned Subsidiary with Related Parties and the Associated Transaction
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions.
I. Overview of Related Party Transactions
Longhua Technology Group (Luoyang) Co., Ltd. (hereinafter referred to as the "Company")'s wholly-owned subsidiary, Fenlian Kechuang (Luoyang) Co., Ltd. (hereinafter referred to as "Fenlian Kechuang"), plans to jointly invest with core management personnel Mr. Li Bobo, Mr. Zhao Guangzheng, and Professor Zhu Disheng and Associate Professor Zhao Yunyun from Guilin University of Technology to establish a joint venture company for electronic-grade barium titanate (hereinafter referred to as the "Joint Venture Company"). The registered capital of the Joint Venture Company is RMB 10 million. Fenlian Kechuang will contribute RMB 3 million in cash from its own funds, holding a 30% stake.
Mr. Li Bobo is the Vice Chairman/Deputy General Manager of the Company and the Chairman/General Manager of Fenlian Kechuang. According to the "Listing Rules of the Shenzhen Stock Exchange ChiNext Market" and other relevant regulations, this joint investment constitutes a related party transaction.
On July 3, 2026, the Company held the 11th meeting of the Sixth Board of Directors, which reviewed and approved the "Proposal on the Establishment of a Joint Venture by a Wholly-Owned Subsidiary with Related Parties and the Associated Transaction." Related directors Mr. Li Zhanqiang, Mr. Li Bobo, and Mr. Li Mingqiang abstained from voting. Before the Company's Board of Directors meeting, this proposal had been submitted to the third special meeting of independent directors of the Sixth Board of Directors of the Company, and was unanimously approved by all independent directors.
This related party transaction is within the decision-making authority of the Company's Board of Directors and does not require submission to the shareholders' meeting for approval. This transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
II. Basic Information of the Transaction Counterparties
(I) Mr. Li Bobo