Securities Code: 300567
Securities Abbreviation: Jingce Electronics
Announcement Number: 2026-09
Wuhan Precision Technology Group Co., Ltd.
Announcement on Capital Increase and Related Party Transaction of Subsidiary
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
I. Overview of Related Party Transactions
(I) Basic Situation of the Transaction
To further implement the development strategy of Wuhan Jinghong Electronic Technology Co., Ltd. (hereinafter referred to as "Wuhan Jinghong"), a subsidiary of Wuhan Precision Technology Group Co., Ltd. (hereinafter referred to as "the Company" or "Jingce Electronics"), and to continuously enhance the company's strength and competitiveness in the semiconductor business, while also improving the long-term incentive and restraint mechanism and promoting the common growth and synergistic development of employees and the company, Wuhan Jinghong entered into an "Capital Increase Agreement" on August 5, 2026, with new investors Wuhan Jingjun Investment Consulting Partnership (Limited Partnership) (hereinafter referred to as "Wuhan Jingjun"), Mr. Li Sen, Mr. Shuai Min, and existing shareholders of Wuhan Jinghong, namely Jingce Electronics (Hong Kong) Co., Limited (hereinafter referred to as "Hong Kong Jingce"), Wuhan Jinghe Investment Consulting Partnership (Limited Partnership) (hereinafter referred to as "Wuhan Jinghe"), Wuhan Jingyue Investment Consulting Partnership (Limited Partnership) (hereinafter referred to as "Wuhan Jingyue"), Jingce Electronics, and Mr. Liu Ronghua.
Wuhan Jinghong plans to increase its capital by RMB 37 million. Among them, Wuhan Jinghe will contribute RMB 9 million, Wuhan Jingjun will contribute RMB 7.5 million, Mr. Liu Ronghua will contribute RMB 2.5 million, Mr. Li Sen will contribute RMB 10.5 million, and Mr. Shuai Min will contribute RMB 7.5 million. All of these contributions will be added to the registered capital. After this capital increase, the registered capital of Wuhan Jinghong will change from RMB 113 million to RMB 150 million. The Company's direct shareholding in Wuhan Jinghong will change from 66.37% to 50%, and the shareholding through its wholly-owned subsidiary Hong Kong Jingce will change from 13.27% to 10%. Wuhan Jinghong will remain a consolidated company within the Company's consolidated statements.
(II) Related Party Relationship
Mr. Liu Ronghua, a shareholder of Wuhan Jinghong, is an employee representative director and deputy general manager of the Company. Therefore, Mr. Liu Ronghua is a related natural person of the Company. Mr. Liu Ronghua is the executive partner of Wuhan Jingjun. Therefore, Wuhan Jingjun is a related legal person of the Company. Mr. Shuai Min, a new investor in Wuhan Jinghong, served as a supervisor of the Company within the past twelve months. Therefore, Mr. Shuai Min is a related natural person of the Company. Mr. Shuai Min is the executive partner of Wuhan Jinghe. Therefore, Wuhan Jinghe is a related legal person of the Company. In accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules" (hereinafter referred to as the "GEM Listing Rules"), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Norms for the Operation of GEM Listed Companies," and the "Articles of Association of Wuhan Precision Technology Group Co., Ltd." and other relevant laws and regulations, this capital increase constitutes a joint investment between the Company and related parties, as well as the waiver of pre-emptive subscription rights by the Company and its subsidiary Hong Kong Jingce. This investment constitutes a related party transaction.
(III) Approval Procedures
The 17th meeting of the Fifth Board of Directors of the Company was held on August 5, 2026. The proposal "Proposal on Capital Increase and Related Party Transaction of Subsidiary" was deliberated. Mr. Liu Ronghua, Mr. Liu Binghua, and Ms. Wang Ningning, as related directors, abstained from voting on this proposal. The proposal was passed with 6 votes in favor, 0 votes against, 0 abstentions, and 3 abstentions. This proposal has been reviewed and approved by the independent directors' special committee and the audit committee of the Board of Directors.