Securities Code: 300657 Securities Abbreviation: Hongxin Electronics Announcement No.: 2026-66
XIAMEN HONGXIN ELECTRONICS GROUP CO., LTD. Announcement on Capital Increase and Introduction of Strategic Investors for a Subsidiary
The Company and all members of the Board of Directors guarantee the content of this announcement is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
Xiamen Hongxin Electronics Group Co., Ltd. (hereinafter referred to as the "Company" or "Hongxin Electronics") held the ninth meeting of the Fifth Board of Directors on June 17, 2026, and approved the "Proposal on Capital Increase and Introduction of Strategic Investors for a Subsidiary." It was agreed that the Company's subsidiary, Wuxi Suihong Huachuang Technology Co., Ltd. (in which the Company indirectly holds 58.4615% equity, formerly known as Beijing Suihong Huachuang Technology Co., Ltd., hereinafter referred to as "Wuxi Suihong" or the "Target Company"), would introduce strategic investors through a capital increase. The relevant situation is hereby announced as follows:
I. Overview of the Transaction
To further enhance the Company's capital strength, reduce its asset-liability ratio, improve its cash flow, and enhance its risk resistance capabilities, Wuxi Suihong plans to introduce an external strategic investor, Wuxi Kechuanyuanzhi Investment Partnership (Limited Partnership) (hereinafter referred to as "Wuxi Kechuanyuanzhi" or the "Investor"), through a capital increase. The pre-investment valuation is RMB 3,000,000,000.00. The Investor will contribute RMB 50,000,000.00. The portion corresponding to the registered capital of the Target Company will be determined proportionally based on the aforementioned pre-investment valuation, with the remainder being added to the Target Company's capital reserve. Jiangsu Suihong Huachuang Technology Co., Ltd. (hereinafter referred to as "Jiangsu Suihong" or the "Existing Shareholder") holds 100% equity in the Target Company and agrees to this capital increase, explicitly waiving its preemptive subscription rights and any other preferential rights. Upon completion of this transaction, the Target Company will serve as the core operating, R&D, and settlement center for the Company's intelligent computing cluster and computing power services business in Wuxi.
The pre-investment valuation for this capital increase is based on the Target Company after the completion of asset integration (i.e., the 100% equity of nine integrated target companies is contributed as capital to the Target Company and the industrial and commercial registration is completed). Jiangsu Suihong will contribute its 100% equity in Shanghai Suihong Zhixing Technology Co., Ltd., Xiamen Suihong Lingxi Technology Co., Ltd., Gansu Suihong Zhisuan Technology Co., Ltd., Gansu Suihong Zhiqi Technology Co., Ltd., Gansu Suihong Zhiyou Technology Co., Ltd., Zhejiang Suihong Changfeng Technology Co., Ltd., Gansu Suihong Ruize Technology Co., Ltd., Gansu Suihong Longdong Technology Co., Ltd., and Gansu Suihong Zhiyi Technology Co., Ltd. (collectively referred to as the "Integrated Target Companies") as capital to the Target Company, making the Integrated Target Companies a wholly-owned subsidiary of the Target Company. As of now, the asset integration of Wuxi Suihong is still in progress. After this capital increase, Wuxi Suihong will remain a subsidiary of the Company, and the scope of the Company's consolidated financial statements will not change.
This transaction falls within the scope of the Company's Board of Directors' approval authority and does not require shareholder approval. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules," this transaction does not constitute a related-party transaction, nor does it 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 Counterparty to the Transaction