Securities Code: 300828 Securities Abbreviation: Ruixin Technology Announcement Number: 2026-042
Tianjin Ruixin Chang Technology Co., Ltd.
Announcement on Termination of Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Connected Transactions and Withdrawal of Application Documents
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Tianjin Ruixin Chang Technology Co., Ltd. (hereinafter referred to as the "Company," "this Company," "the Listed Company," or "Ruixin Technology") held its Eleventh Meeting of the Seventh Board of Directors on August 13, 2026. The meeting deliberated and approved the "Proposal on Terminating the Transaction of Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Connected Transactions and Withdrawing Application Documents." The Company agreed to terminate the transaction of issuing shares and paying cash to purchase assets and raising supporting funds and connected transactions and withdraw the application documents. The relevant situation is hereby announced as follows:
I. Basic情况 of the Transaction
Ruixin Technology planned to acquire 51% of the equity of Wuhu Deheng Automotive Equipment Co., Ltd. (hereinafter referred to as the "Target Company") from 10 transaction counterparties including Tong Xiaoping and Zhang Yapeng by issuing shares and paying cash. Additionally, it planned to raise supporting funds by issuing shares to no more than 35 qualified specific investors, including Huangshan Kaitou Lingdun Venture Capital Co., Ltd. (hereinafter referred to as the "Transaction"). Upon completion of this transaction, the Target Company would become a holding subsidiary of the listed company.
According to the "Administrative Measures for Major Asset Restructuring of Listed Companies" and other relevant laws and regulations, this transaction constituted a major asset restructuring and a connected transaction, but not a restructuring of the listing.
II. Work Done by the Listed Company in Promoting the Transaction