Announcement on the Proposed Signing of an Investment Agreement with the Zhangjiagang Economic Development Zone Management Committee and the Establishment of a Joint Venture with Yuefeng Kechuang
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
I. Overview of Outward Investment
To promote the overall strategic layout of BOE Varitronix Co., Ltd. (hereinafter referred to as the "Company") and enhance its core competitiveness, the Company proposes to sign an "Investment Cooperation Agreement" with the Zhangjiagang Economic and Technological Development Zone Management Committee (hereinafter referred to as the "Management Committee") to invest in and construct a "New High-End Display Project" (hereinafter referred to as the "Project"). To ensure the construction and operation of the Project, the Company proposes to sign the "Shareholder Agreement between BOE Varitronix Co., Ltd. and Zhangjiagang Yuefeng Kechuang Industrial Development Partnership (Limited Partnership)" (hereinafter referred to as the "Shareholder Agreement") with Zhangjiagang Yuefeng Kechuang Industrial Development Partnership (Limited Partnership) (hereinafter referred to as "Yuefeng Kechuang"), a designated investment platform of the Management Committee. A joint venture, Suzhou BOE Jingxin Technology Co., Ltd. (tentative name, subject to approval and registration by the market supervision and administration bureau), will be jointly established as the implementation entity for the Project. The total planned investment for the Project is approximately RMB 970 million. The registered capital of the joint venture will be RMB 700 million, with the Company intending to contribute RMB 490 million and Yuefeng Kechuang intending to contribute RMB 210 million.
On June 26, 2026, the Company held the twenty-second meeting of the sixth Board of Directors, which reviewed and approved the "Proposal on the Company Signing the Project Investment Agreement with the Zhangjiagang Economic and Technological Development Zone Management Committee" and the "Proposal on the Company Signing the Shareholder Agreement with Zhangjiagang Yuefeng Kechuang Industrial Development Partnership (Limited Partnership)." In accordance with the "GEM Stock Listing Rules of the Shenzhen Stock Exchange," "Company Articles of Association," and other relevant regulations, this proposal does not require submission to the shareholders' meeting for review.
This outward investment does not constitute a related-party transaction and 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 Counterparties
(I) Zhangjiagang Economic and Technological Development Zone Management Committee
-
Company Name: Zhangjiagang Economic and Technological Development Zone Management Committee
-
Nature/Type: Local Government
-
Registered Address: No. 9 Guotai South Road, Yangshe Town, Zhangjiagang City
-
Related Party Relationship: No related party relationship with the Company.
-
The Zhangjiagang Economic and Technological Development Zone Management Committee is not a person subject to enforcement for dishonesty.