300912SZSE
🚨 Material Event

Announcement on the Progress of Issuing Shares and Paying Cash to Purchase Assets, Raising Supporting Funds, and Connected Transactions

Kailong High-Tech Co., Ltd.··2 pages

✨ AI Summary

This announcement details the progress of Kai Long Hi-Tech's acquisition of 70% equity in Shenzhen Jinwangda Electromechanical Co., Ltd. The transaction involves issuing shares and paying cash, and raising supporting funds. Due to the expiration of the target company's financial data's base date, additional audits and due diligence are required. The transaction is subject to further board and shareholder approvals, as well as regulatory review.

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Full Translation

AI Translation· gemini_document

Securities Code: 300912

Securities Abbreviation: Kai Long Hi-Tech

Announcement Number: 2026-059

Kai Long Hi-Tech Co., Ltd.

Announcement on the Progress of Issuing Shares and Paying Cash to Purchase Assets, Raising Supporting Funds, and Connected Transactions

The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Special Note:

Kai Long Hi-Tech Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Kai Long Hi-Tech Co., Ltd. Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Connected Transactions Pre-plan" (hereinafter referred to as the "Transaction Pre-plan") and its summary on February 4, 2026. The summary has detailed the risk factors involved in this transaction and the approval procedures that are still required. The Company will fulfill its information disclosure obligations in a timely manner based on the progress of relevant matters. The work for this transaction is progressing in an orderly manner. Due to the initial preliminary base date for the financial data of the target company being set as December 31, 2025, it has exceeded its six-month validity period. After negotiation among the parties to the transaction, the Company will coordinate with relevant intermediary agencies as soon as possible to conduct an extended audit and supplementary due diligence on the target company. Investors are advised to pay attention to subsequent progress announcements and be aware of investment risks.

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