Stock Code: 300733
Stock Abbreviation: Xiling Power
Announcement Number: 2026-031
Announcement on Receiving Civil Judgment and Progress of Litigation Regarding Performance Commitment Compensation of Chengdu Xinsanhe Electromechanical New Technology Development Co., Ltd.
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
I. Transaction Involved in the "Civil Judgment" and Performance Commitment Situation
(I) Transaction Overview
Chengdu Xiling Power Technology Co., Ltd. (hereinafter referred to as the "Company") signed the "Equity Transfer Agreement between Chengdu Xiling Power Technology Co., Ltd. and Shenzhen Qianhai Qilin Xinwang Investment Enterprise (Limited Partnership), Pei Chengyu, and Wan Qing for Chengdu Xinsanhe Electromechanical New Technology Development Co., Ltd." in February 2021, acquiring 74.50% of the equity of Chengdu Xinsanhe Electromechanical New Technology Development Co., Ltd. (hereinafter referred to as "Xinsanhe") at a price of RMB 156.45 million.
(II) Performance Commitment Situation
In April 2021, the Company signed a "Supplementary Agreement to the Equity Transfer Agreement between Chengdu Xiling Power Technology Co., Ltd. and Chengdu Xinsanhe Electromechanical New Technology Development Co., Ltd." (hereinafter referred to as the "Supplementary Agreement") with Li Shaobin, the former Chairman of Xinsanhe, and Pei Juan, the former General Manager. The main contents are as follows:
- Performance Commitment Arrangement
Li Shaobin and Pei Juan, as the performance commitment persons of Xinsanhe, committed that the net profit of Xinsanhe for 2021, 2022, and 2023 would be RMB 30 million, RMB 35 million, and RMB 40 million, respectively.