Announcement No.: 2026-026 Henan Kaiwang Electronic Technology Co., Ltd. Announcement on Signing Equity Acquisition Intent Agreement
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Notice:
- Henan Kaiwang Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") plans to acquire not less than 51% of the equity of Dongguan Qin Ding Hardware Products Co., Ltd. (hereinafter referred to as "Dongguan Qin Ding" or Target Company 1) and Dongguan Xing Ding Hardware Products Co., Ltd. (hereinafter referred to as "Dongguan Xing Ding" or Target Company 2) in cash. Upon completion of this transaction, the Company is expected to gain control over Target Company 1 and Target Company 2, making them its controlling subsidiaries and including them in the consolidated financial statements.
- The "Equity Acquisition Intent Agreement" signed this time is a preliminary intent agreement reached by the parties regarding the acquisition. The specific transaction plan, transaction amount, etc., will be clarified in the formal transaction agreement to be signed after the Company and the engaged intermediary institutions conduct due diligence, audits, and valuations on the target companies, and after negotiations between the parties.
- According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2—Normative Operation of GEM Listed Companies" and other relevant regulations, this transaction does not constitute a related-party transaction. Based on preliminary calculations, this transaction is not expected to constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
- This transaction is still in the planning stage, and the impact on the Company's operating performance for the current year cannot be predicted at this stage. Specific matters are subject to further negotiation, promotion, and implementation. There are uncertainties in the process of implementing this matter, and the final outcome is uncertain. The specific matters will be subject to the officially signed agreement.
- The Company will, based on the progress of the cooperation matters, fulfill the necessary decision-making procedures and information disclosure obligations in accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules," relevant laws and regulations, and the "Articles of Association." Investors are advised to make prudent decisions and pay attention to investment risks.
I. Overview of the Intent to Acquire
Considering the Company's development strategy, the Company has signed an "Equity Acquisition Intent Agreement" with Shen Kelei, Liu Yi, Yi Pei, and Xiao Yan (collectively referred to as the "Transaction Counterparties"). The Company intends to acquire not less than 51% of the equity of Dongguan Qin Ding (Target Company 1) and Dongguan Xing Ding (Target Company 2) in cash. Upon completion of the transaction, Dongguan Qin Ding (Target Company 1) and Dongguan Xing Ding (Target Company 2) will become the Company's controlling subsidiaries and will be included in the consolidated financial statements.
This transaction is currently in the planning stage, and the total transaction price has not yet been finalized. The specific transaction plan, transaction amount, etc., will be clarified after the Company and the engaged intermediary institutions conduct due diligence, audits, and valuations on the target companies, and after negotiations between the parties. This intent agreement represents the preliminary cooperation intention of the parties regarding the acquisition and does not require submission to the Company's Board of Directors or Shareholders' Meeting for review at this stage. The Company will, based on the progress of the acquisition, fulfill the relevant decision-making and approval procedures after the relevant matters are clarified.