Shenzhen Star Materials Technology Co., Ltd.
Announcement on External Investment to Acquire Bangci Electronics Equity and Sign Equity Transfer Agreement
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false representations, misleading statements, or material omissions.
Special Reminder:
- On August 13, 2026, Shenzhen Star Materials Technology Co., Ltd. (hereinafter referred to as the "Company") held its 30th meeting of the 6th Board of Directors, and deliberated and passed the "Proposal on External Investment to Acquire Bangci Electronics Equity and Sign Equity Transfer Agreement." The Company has signed "Equity Transfer Agreements" with Shenzhen Fuhai New Material Phase II Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Fuhai New Material Phase II"), Yancheng Economic and Technological Development Zone Future City Junluo Emerging Industry Investment Partnership (Limited Partnership) (hereinafter referred to as "Future City Junluo"), Changzhou Coral Xingci Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Coral Xingci"), Gongqingcheng Zhonghang Kairui No. 2 Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Zhonghang Kairui No. 2"), Shenzhen Fuhai New Material Phase III Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Fuhai New Material Phase III"), Yancheng Economic and Technological Development Zone Wutao Electronics Technology Co., Ltd. (hereinafter referred to as "Wutao Electronics"), and Yancheng Economic and Technological Development Zone Dongfang Jintai High-tech Venture Capital Fund Partnership (Limited Partnership) (hereinafter referred to as "Dongfang Jintai"), respectively. The Company will cash acquire 15.3284% of the equity of Bangci Electronics Technology (Yancheng) Co., Ltd. (hereinafter referred to as the "Target Company" or "Bangci Electronics") held by Fuhai New Material Phase II before this transaction for RMB 53.649345 million; cash acquire 4.8750% of the equity of Bangci Electronics held by Future City Junluo before this transaction for RMB 28.087671 million; cash acquire 1.9388% of the equity of Bangci Electronics held by Coral Xingci before this transaction for RMB 9.693868 million; cash acquire 3.0564% of the equity of Bangci Electronics held by Zhonghang Kairui No. 2 before this transaction for RMB 11.000000 million; cash acquire 5.8163% of the equity of Bangci Electronics held by Fuhai New Material Phase III before this transaction for RMB 34.897991 million; cash acquire 25.0000% of the equity of Bangci Electronics held by Wutao Electronics before this transaction for RMB 87.500000 million; and cash acquire 3.9657% of the equity of Bangci Electronics held by Dongfang Jintai before this transaction for RMB 17.000000 million. After the transaction is completed, the Company will hold a total of 73.4806% of the equity of Bangci Electronics. Bangci Electronics will become a controlling subsidiary of the Company and will be included in the consolidated financial statements.
According to the "Listing Rules of the Shenzhen Stock Exchange for GEM Companies," "GEM Listed Company Self-Regulatory Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and other relevant regulations, this transaction does not constitute a related party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This transaction has been reviewed and approved by the Company's Board of Directors and needs to be submitted for approval by the Company's shareholders' meeting.
- For transaction-related risks, please refer to "VII. Risk Warning" in this announcement. Investors are kindly requested to pay attention to investment risks.
I. Overview of the Transaction