Securities Code: 300806
Securities Abbreviation: Sidike
Announcement No.: 2026-072
Jiangsu Sidike New Material Technology Co., Ltd.
Announcement on Proposed Capital Increase to Vietnamese Subsidiary and Company Survival Split
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false statements, misleading representations, or major omissions.
Jiangsu Sidike New Material Technology Co., Ltd. (hereinafter referred to as the "Company") held the 19th meeting of the Fifth Board of Directors on August 14, 2026, and reviewed and approved the "Proposal on Proposed Capital Increase to Vietnamese Subsidiary and Company Survival Split". It was agreed that the Company would inject USD 0.5 million of its own funds into its wholly-owned subsidiary SIDIKE VIET NAM NEW MATERIAL CO., LTD. (hereinafter referred to as "Vietnam Company"). After the capital increase, the registered capital of Vietnam Company will increase from USD 19.305 million to USD 24.29098 million. Upon completion of this capital increase, the Company will implement a survival split of Vietnam Company. After the split, Vietnam Company will continue to exist, and a new enterprise (hereinafter referred to as "New Company") will be established. The New Company will specifically undertake the assets and liabilities related to Vietnam Company's new energy business (the specific scope is subject to the final split plan), realizing the specialized and independent operation of the new energy business.
According to the "Shenzhen Stock Exchange Stock Listing Rules", "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 2 - Norms for Operation of GEM Listed Companies", and the "Company Articles of Association", this capital increase and survival split matter falls within the scope of the Board of Directors' approval authority and does not require submission to the Company's shareholders' meeting for approval. This capital increase and survival split matter does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies". The Company's Board of Directors has authorized the Company's management to handle all relevant procedures for this survival split.
I. Basic Information of Vietnam Company
(I) Company Name: SIDIKE VIET NAM NEW MATERIAL CO., LTD.
(II) Enterprise Code/Tax ID: 2301236122
(III) Date of Establishment: March 13, 2023
(IV) Legal Representative: Wang Jun
(V) Registered Capital: USD 1,930,500
(VI) Registered Address: C2 Factory Building, CN4-1 Block, An Phong 2 Industrial Park, An Giang District, Bac Ninh Province, Vietnam.
(VII) Business Scope: Production and sales of adhesive tape products, optical films, graphite, release paper, release film, and other products.
(VIII) Equity Structure: Company holds 100%
(IX) Main Financial Data: