Securities Code: 300846 Securities Abbreviation: Infront Technology Beijing Infront Technology Co., Ltd. Announcement No.: 2026-072
Announcement on Progress of Cash Acquisition of Remaining 40% Equity in Subsidiary Zhongjia and Xin
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Transaction Overview
To further implement the company's development strategy and rapidly expand market layout, Beijing Infront Technology Co., Ltd. (hereinafter referred to as "the Company" or "Infront Technology") held the 18th meeting of the Sixth Board of Directors, the 5th extraordinary meeting of independent directors in 2026, and the 2nd meeting of the Strategic Committee in 2026 on June 18, 2026. The meetings reviewed and approved the "Proposal on Cash Acquisition of Remaining 40% Equity in Subsidiary Zhongjia and Xin." The Company agreed to use its own funds or self-raised funds to acquire the remaining 40% equity of its subsidiary Beijing Zhongjia and Xin Communication Technology Co., Ltd. (hereinafter referred to as "Zhongjia and Xin" or "the Target Company") for RMB 236.52 million (hereinafter referred to as "this Transaction"). Upon completion of this Transaction, the Company will directly hold 100% of the equity in the Target Company.