Securities Code: 301121
Securities Abbreviation: ZJ Electronic
Announcement No.: 2026-030
Chongqing ZJ Electronic Co., Ltd.
Announcement on Proposed Acquisition of Remaining 49% Equity in Controlling Subsidiary Ningbo Qixiang
The Company and the entire 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.
Key Information Highlights:
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Chongqing ZJ Electronic Co., Ltd. (hereinafter referred to as "ZJ Electronic" or "the Company"), in accordance with the "Equity Acquisition Agreement for 51% Equity of Ningbo Qixiang Information Technology Co., Ltd." (hereinafter referred to as the "51% Equity Acquisition Agreement"), has completed the cumulative net profit after deducting non-recurring gains and losses stipulated in the performance commitment period of the "51% Equity Acquisition Agreement." The Company proposes to acquire the remaining 49% equity of Ningbo Qixiang (hereinafter referred to as the "Transaction") using its own funds or funds raised, at a transaction price of RMB 367,500,000. Upon completion of this transaction, the Company will directly hold 100% of Ningbo Qixiang's equity.
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In accordance with the "Shenzhen Stock Exchange Stock Listing Rules" and the "Company Articles of Association," this transaction does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This transaction is subject to audit and approval by the Company's shareholders' meeting. The Company will fulfill the corresponding decision-making procedures and information disclosure obligations in a timely manner according to the progress of this transaction.
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Risk Warning: Although this transaction has been thoroughly analyzed and demonstrated by the Company, the operating conditions of the Company and Ningbo Qixiang may be affected by other market changes, industry changes, operational management, regulatory policies, and other uncertain factors. Investment returns are uncertain. Investors are reminded to pay attention to relevant risks.
I. Transaction Overview
On July 24, 2026, the Company held its sixth meeting of the third Board of Directors, which reviewed and approved the "Proposal on the Proposed Acquisition of the Remaining 49% Equity of Ningbo Qixiang Information Technology Co., Ltd." The Company agreed to use its own funds or raised funds of RMB 367.5 million to acquire in advance the remaining 49% equity of Ningbo Qixiang (hereinafter referred to as the "Target Asset") held by ZHONGHUA JIANG, Zhou Mindong, Yuan Yonggang, Wang Jingyang, Shanghai Jing Shuo Enterprise Management Partnership (Limited Partnership), Qualcomm (China) Holdings Co., Ltd., Shenzhen Zhicheng Luwei Venture Capital Partnership (Limited Partnership), Lijian Development Co., Ltd., and Shanghai Jing Ye Enterprise Management Partnership (Limited Partnership).
Prior to this transaction, on June 27, 2025, the Company held the twenty-third meeting of the second Board of Directors and the twenty-second meeting of the second Supervisory Board, which reviewed and approved the "Proposal on the Acquisition of 51% Equity of Ningbo Qixiang Information Technology Co., Ltd." The Company agreed to use its own funds or raised funds of RMB 38,250.00 million to acquire 51% of Ningbo Qixiang's equity. In July 2025, the Company signed the equity acquisition agreement, completed the industrial and commercial change registration for equity transfer, and obtained the "Business License." The Company holds 51% of Ningbo Qixiang's equity, and Ningbo Qixiang has become a控股 subsidiary within the consolidated financial statements. For details, please refer to the "Announcement on the Acquisition of 51% Equity of Ningbo Qixiang Information Technology Co., Ltd." (Announcement No.: 2025-035) and the "Announcement on the Progress of the Acquisition of 51% Equity of Ningbo Qixiang Information Technology Co., Ltd. and Completion of Industrial and Commercial Change Registration" (Announcement No.: 2025-038) disclosed on the CNINFO website (www.cninfo.com.cn).