Securities Code: 301100 Securities Abbreviation: Fengguang Shares Announcement No.: 2026-029
Yingkou Fengguang New Material Co., Ltd.
Announcement on Progress of Changes in Transaction Amount and Agreement Content for the Acquisition of Controlling Stake in Anhui Ruihua New Material Co., Ltd.
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Overview of the Transaction
Yingkou Fengguang New Material Co., Ltd. (hereinafter referred to as the "Company") issued the "Announcement on the Cash Acquisition of Controlling Stake in Anhui Ruihua New Material Co., Ltd." on July 18, 2026, intending to acquire 90% of the shares of Anhui Ruihua New Material Co., Ltd. (hereinafter referred to as "Ruihua"). According to the asset valuation of RMB 91 million by Beijing Huaya Zhengxin Asset Appraisal Co., Ltd. as of March 31, 2026, the Company set the acquisition price for Ruihua at RMB 81 million, and both parties formulated a three-year performance commitment and compensation standard. This proposal was approved by the second meeting of the fourth Board of Directors.
II. Changes in Transaction Amount and Agreement Content
Due to personal reasons of Ruihua's shareholders, after friendly negotiation between the Company and all shareholders of Ruihua, the original agreement content is amended as follows:
- Revised Pricing Basis
Based on Ruihua's net assets of RMB 58.506160 million as of March 31, 2026, Fengguang Shares will pay RMB 52.655544 million to acquire 90% of the equity of the target company (corresponding to a registered capital of RMB 90 million).
- Cancellation of Performance Commitment and Compensation Clauses
III. Basic Information of the Target Company
Company Name: Anhui Ruihua New Material Co., Ltd.
Nature of Enterprise: Limited Liability Company (Invested or Controlled by Natural Persons)
Registered Address: No. 6, Wujiang Avenue, Eastern Industrial Park, Tongling Economic and Technological Development Zone, Anhui Province
Legal Representative: Pan Shengqiao
Registered Capital: RMB 100 million
Unified Social Credit Code: 91340700MA2TTH8J8U