Securities Code: 301106
Securities Abbreviation: Juncheng Technology
Announcement No.: 2026-025
Jiangsu Juncheng Electronic Technology Co., Ltd.
Announcement on the Planning of Major Asset Restructuring and Connected Transactions
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Notice:
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Jiangsu Juncheng Electronic Technology Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") is planning to acquire a 50% stake in Jiangsu Xintongda Electronic Technology Co., Ltd. (hereinafter referred to as "Jiangsu Xintongda" or "Target Company") by cash. Before this transaction, the Company held a 40% stake in Jiangsu Xintongda, and Sun Changling, a director of the Company, also served as a director of Jiangsu Xintongda. Therefore, this transaction constitutes a connected transaction. After the transaction, Jiangsu Xintongda will become a controlling subsidiary of the Company.
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According to the "Administrative Measures for Major Asset Restructuring of Listed Companies" and preliminary calculations, this transaction is expected to constitute a major asset restructuring. This transaction does not involve the issuance of shares and will not result in a change of the controlling shareholder or actual controller of the Company.
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The "Letter of Intent for Acquisition" signed this time is only a letter of intent. The specific transaction method and transaction terms shall be subject to the formal acquisition agreement signed by the parties.
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This transaction is still in the preliminary planning stage. The transaction plan and terms still need 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.
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This transaction has uncertainties, and there may be changes in transaction conditions due to changes in the external environment, which may lead to the termination of the transaction. Investors are kindly requested to pay attention to investment risks.
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According to the "Rules for the Suspension and Resumption of Trading of Listed Company Stocks" and "Shenzhen Stock Exchange Listed Company Self-Regulatory 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 fulfill its information disclosure obligations in stages and in a timely manner according to the progress of relevant matters. Investors are kindly requested to pay attention to investment risks.