Securities Code: 300998
Securities Abbreviation: Ningbo Fangzheng
Announcement Number: 2026-044
Ningbo Fangzheng Auto Parts Co., Ltd.
Progress Announcement on Major Asset Restructuring and Connected Transaction
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 significant omissions.
I. Overview of the Transaction
Ningbo Fangzheng Auto Parts Co., Ltd. (hereinafter referred to as "Ningbo Fangzheng" or "the Company") is planning to acquire 60% of the equity of Fujian Junpeng Communication Technology Co., Ltd. (hereinafter referred to as "Junpeng Communication" or "the Target Company") held by Fujian Pengxin Chuangzhan New Energy Technology Co., Ltd. (hereinafter referred to as "Pengxin Chuangzhan") through cash payment (hereinafter referred to as "the Transaction"). Prior to the Transaction, Ningbo Fangzheng held 40% of Junpeng Communication's equity, and Pengxin Chuangzhan held 60% of Junpeng Communication's equity. Upon completion of the Transaction, Junpeng Communication will become a wholly-owned subsidiary of Ningbo Fangzheng, and the Transaction constitutes a connected transaction.
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. The Transaction does not involve the issuance of shares and will not result in a change of control of the Company.