Stock Code: 300592 Stock Abbreviation: Huakai Yibai Announcement No.: 2026-047
Huakai Yibai Technology Co., Ltd.
Indicative Announcement Regarding the Planning of an Equity Acquisition and the Signing of a Cooperation Framework Agreement
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Transaction Overview: Huakai Yibai Technology Co., Ltd. (hereinafter "the Company") intends to acquire no less than 51% of the equity of Shenzhen Wanhe Technology Co., Ltd. (hereinafter "Wanhe Technology" or "the Target Company") via cash and obtain control of the Target Company. The final consideration for this transaction will be determined based on the actual equity acquisition ratio and the results of the formal valuation report.
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This transaction does not constitute a related-party transaction and is not expected to constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."
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Risk Warning:
(1) The Target Company's current revenue is mainly derived from the electronic component distribution business, which accounts for approximately 95% of its operating income. The industry in which the Target Company operates is highly cyclical, and the profitability of related businesses may fluctuate significantly in the future with the industry cycle. Although the Target Company has developed radio frequency (RF) technology products and services, the scale and proportion of these businesses are currently small and have not yet become the main source of revenue; there is uncertainty regarding whether large-scale development can be achieved in the future.
(2) The Company's current main business does not involve RF technology products and services or electronic component distribution. It lacks operational experience in these fields and has not formed corresponding reserves of talent, technology, customers, or supplier resources. If this transaction proceeds, the Company may face certain risks in integration and management.
(3) This transaction is still in the planning stage. The transaction plan, conditions, and related arrangements need to be further negotiated and determined by all parties. It must also fulfill necessary internal decision-making procedures, reviews or filings by competent authorities/regulatory agencies, the delisting from the National Equities Exchange and Quotations (NEEQ) system, and industrial and commercial change registration. Due to factors such as capital market conditions, industry and operating conditions, and the progress of decision-making procedures, there is a risk that this transaction may be suspended, aborted, or terminated. The Company will strictly fulfill its information disclosure obligations in accordance with relevant laws, regulations, and normative documents as the transaction progresses.
Investors are advised to pay attention to investment risks.
I. Overview of the Signing of the Cooperation Framework Agreement
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On July 27, 2026, the Company signed a "Cooperation Framework Agreement" with Mr. Cao Dongsheng, the actual controller of the Target Company. The Company intends to acquire no less than 51% of the equity of Wanhe Technology in cash and obtain control of the Target Company. The final consideration will be determined based on the actual equity acquisition ratio and the results of the formal valuation report.
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On July 27, 2026, the Company held the eighth meeting of the independent directors of the fourth board of directors, which deliberated and approved the "Proposal on Planning Equity Acquisition and Signing the 'Cooperation Framework Agreement'." All independent directors agreed to submit the proposal to the board of directors for deliberation. On the same day, the Company held the eighteenth meeting of the fourth board of directors, which deliberated and approved the above proposal. According to the "Shenzhen Stock Exchange GEM Listing Rules" and other relevant regulations, this transaction does not constitute a related-party transaction and is not expected to constitute a major asset restructuring. The signing of this "Cooperation Framework Agreement" does not require submission to the Company's general meeting of shareholders. If a formal equity transfer agreement is signed subsequently, the Company will fulfill corresponding deliberation procedures and information disclosure obligations in accordance with relevant laws, regulations, normative documents, and the "Articles of Association."