Hangzhou Wanlong Optoelectronic Equipment Co., Ltd. (hereinafter referred to as "the Company" or "Listed Company") proposed to issue shares and pay cash to acquire 100% of the shares of Zhejiang Zhongkong Information Industry Co., Ltd. (hereinafter referred to as "the Target Company" or "Zhongkong Information") (hereinafter referred to as "the Target Assets"), and to raise supporting funds (hereinafter referred to as "this Transaction").
On December 17, 2025, the Company held its 13th meeting of the Fifth Board of Directors and the 12th meeting of the Fifth Supervisory Board, which reviewed and approved the proposals related to this transaction. The Company planned to acquire 100% of the shares of Hongkong Information held by 17 counterparties, including Hangzhou Huige Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Huige Partnership"), Zhejiang Chint Electrics Co., Ltd. (hereinafter referred to as "Chint Electrics"), Ningbo Yunyin Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Yunyin Partnership"), Hangzhou Zhige Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Zhige Partnership"), and Hangzhou Fuge Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Fuge Partnership"), by issuing shares and paying cash. The Company also planned to issue shares to Mr. Fu Xiaotong, the actual controller of the Company, to raise supporting funds.
On May 29, 2026, the Company held its 16th meeting of the Fifth Board of Directors and approved the "Proposal on the Compliance of the Company's Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related Party Transactions with Relevant Laws and Regulations," the "Proposal on Adjusting the Company's Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related Party Transactions, and the Adjustment Not Constituting a Major Adjustment to the Transaction Plan," the "Proposal on the Company's Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related Party Transactions," and the "Proposal on the Report (Draft) and its Summary Regarding the Company's Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related Party Transactions," and other related proposals.
On June 10, 2026, the Company held its 2025 Annual Shareholders' Meeting and approved the relevant proposals for this transaction.