Securities Code: 300936
Securities Abbreviation: Yingzhong Technology
Announcement Number: 2026-029
Changzhou Yingzhong Technology Co., Ltd.
Announcement on Progress of Major Asset Restructuring
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.
Special Notice:
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Changzhou Yingzhong Technology Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") is planning to acquire no less than 51% of the shares of Changzhou Yingzhong Electric Co., Ltd. (hereinafter referred to as "Yingzhong Electric" or "Target Company") in cash and obtain the controlling interest in Yingzhong Electric. Upon completion of the transaction, the Target Company will become a subsidiary of the Company.
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According to the "Administrative Measures for Major Asset Restructuring of Listed Companies" and preliminary calculations, the transaction is expected to constitute a major asset restructuring. Before the transaction is implemented, Yu Yingzhong, Yu Biao, and Zhu Lihuan hold 10%, 80%, and 10% of the equity in Yingzhong Electric, respectively. Yu Yingzhong and Zhu Lihuan are husband and wife, Yu Biao is the son of Yu Yingzhong and Zhu Lihuan, and Yu Yingzhong is the brother of Yu Weizhong, one of the actual controllers of the listed company. Therefore, this transaction constitutes a related party transaction. This transaction does not involve the issuance of shares, does not constitute a restructuring of the listing, and will not result in a change of the Company's controlling shareholder and actual controller.
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The "Letter of Intent for Equity Acquisition" (hereinafter referred to as the "Letter of Intent") signed by all parties on February 26, 2026, is only a letter of intent. The specific transaction methods and terms will be subject to the formal acquisition agreement signed by all parties.
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The transaction is still in the preliminary planning stage. The transaction plan and terms require further demonstration and negotiation. The Company and the Target Company need to complete necessary internal and external decision-making and approval procedures, and there is a risk of failing to pass relevant decision-making and approval procedures. The Company will strictly follow the relevant laws and regulations and the "Company Articles of Association" to fulfill the relevant decision-making, approval procedures, and information disclosure obligations.
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There is uncertainty in this transaction, and the transaction conditions may change due to changes in the external environment, which may lead to the termination of the transaction. Investors are advised to pay attention to investment risks.
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In accordance with the "Measures for the Resumption and Suspension of Trading of Listed Companies" and "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 6 - Suspension and Resumption of Trading", the Company's stock will not be suspended during the planning of this matter. The Company will disclose information in stages and in a timely manner based on the progress of relevant matters, and investors are advised to pay attention to investment risks.