Securities Code: 300976
Securities Abbreviation: Ruida Electronics
Announcement Number: 2026-051
Dongguan Ruida Electronics Co., Ltd.
Announcement on Progress of Acquiring 80% Equity of Dongguan Weistide New Material Technology Co., Ltd. Through Capital Increase and Equity Acquisition, and Signing of Supplementary Agreements
The Company and 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.
I. Overview of the Transaction
Dongguan Ruida Electronics Co., Ltd. ("the Company") entered into an "Equity Acquisition Agreement" (hereinafter referred to as the "Equity Acquisition Agreement" or "Original Agreement") with Dongguan Weistide New Material Technology Co., Ltd. ("Weistide") and its shareholders Mai Dekun and Rao Xiyi on July 31, 2025. The Company subscribed for RMB 30 million of Weistide's newly increased registered capital of RMB 17.14286 million with its own funds. The premium portion of the capital increase was included in Weistide's capital reserve. The Company also acquired 76.5714% of Weistide's equity held by Mai Dekun and Rao Xiyi prior to this transaction for RMB 134 million with its own funds.
On November 24, 2025, Weistide completed the industrial and commercial registration procedures for the aforementioned equity change and obtained the "Business License" issued by the Dongguan Administration for Market Regulation. The Company holds 80% of Weistide's equity, making Weistide a controlling subsidiary of the Company. For details, please refer to the "Announcement on Acquiring 80% Equity of Dongguan Weistide New Material Technology Co., Ltd. Through Capital Increase and Equity Acquisition" and its progress announcements (Announcement Numbers: 2025-064, 2025-093) disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn).
II. Progress of the Transaction
On August 14, 2026, the Company ("Party A"), Weistide ("Party B" or "Target Company"), and Mai Dekun ("Party C1") and/or Rao Xiyi ("Party C2") (collectively referred to as "Party C" or "Original Shareholders") signed the "Supplementary Agreement to the Equity Acquisition Agreement for the Remaining Equity of Dongguan Weistide New Material Technology Co., Ltd." (hereinafter referred to as the "Supplementary Agreement for Remaining Equity Acquisition") and the "Supplementary Agreement for Business Divestment of the Equity Acquisition Agreement of Dongguan Weistide New Material Technology Co., Ltd." (hereinafter referred to as the "Supplementary Agreement for Business Divestment"). The content of the supplementary agreements takes effect and is implemented from the date of signing by all parties.
The matter of signing the supplementary agreements falls within the Chairman's approval authority of the Company and does not require submission to the Board of Directors or shareholders for deliberation.
(I) Main Content of the "Supplementary Agreement for Remaining Equity Acquisition":
In view of the provisions of Article 11.4 of the Original Agreement, Party A and Party C1 agree that, subject to the fulfillment of all preceding conditions, Party A will initiate the acquisition of the remaining equity of the Target Company held by Party C1 by October 31, 2026. The parties have agreed to amend the content of Article 11.4 of the Original Agreement as follows:
- Preconditions for Party A's Acquisition of Party C1's Remaining Equity
Subject to the fulfillment of all the following preconditions, Party A will acquire the remaining equity of the Target Company held by Party C1 at the price, within the timeframe, and in the manner stipulated in this Agreement:
(1) Party C1 and its related parties have not violated the non-competition provisions of the Original Agreement (including supplementary agreements), have not engaged in business competitive with the Target Company, and have not solicited or incited any employees of the Target Company to accept their employment;