Securities Code: 301182
Securities Abbreviation: Kaiwang Technology
Announcement No.: 2026-032
Henan Kaiwang Electronic Technology Co., Ltd.
Announcement on Acquiring Equity by Cash
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
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On June 11, 2026, Henan Kaiwang Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") signed an "Equity Acquisition Intent Agreement" with Shen Keli, Liu Yi, Yi Pei (shareholders 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). The agreement aims to acquire 51% of the equity in Dongguan Qin Ding and Dongguan Xing Ding, respectively. For details, please refer to the "Announcement on Intent Agreement for Equity Acquisition" published by the Company on Juchao Information Network on June 11, 2026 (Announcement No.: 2026-026).
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As of the disclosure date of this announcement, the audit and valuation of Dongguan Qin Ding and Dongguan Xing Ding have been completed. On August 5, 2026, Kaiwang Technology signed the formal "Equity Acquisition Agreement" with the two transaction counterparties, intending to acquire 51% of the equity in Dongguan Qin Ding and Dongguan Xing Ding by paying cash. The transaction price for 51% of Dongguan Qin Ding's equity was finally determined to be RMB 182.33 million, and the transaction price for 51% of Dongguan Xing Ding's equity was finally determined to be RMB 103.27 million, with a total transaction consideration of RMB 285.6 million.
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According to the "Listing Rules of the Shenzhen Stock Exchange for GEM Companies" and the "GEM Company Self-Regulatory Guidelines No. 2 - Norms for the Operation of GEM Companies," 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."
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This transaction is subject to the Company's shareholder meeting for deliberation.
I. Overview of the Transaction
- Basic Situation of the Transaction
On June 11, 2026, Henan Kaiwang Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") and Shen Keli, Liu Yi, Yi Pei (shareholders 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) signed an "Equity Acquisition Intent Agreement," intending to acquire 51% of the equity in Dongguan Qin Ding and Dongguan Xing Ding. As of the disclosure date of this announcement, the Company's audit and valuation of the target companies have been completed. Based on the audit report and review conclusions, on August 5, 2026, the Company signed the "Equity Transfer Agreement of Dongguan Qin Ding Hardware Products Co., Ltd. and Dongguan Xing Ding Hardware Products Co., Ltd." (hereinafter referred to as the "Equity Transfer Agreement") with Shen Keli, Liu Yi, Yi Pei, and Xiao Yan. The transaction price for 51% of Dongguan Qin Ding's equity was finally determined to be RMB 182.33 million, and the transaction price for 51% of Dongguan Xing Ding's equity was finally determined to be RMB 103.27 million, with a total transaction consideration of RMB 285.6 million.
Upon completion of this transaction, the Company will hold 51% of the equity in Dongguan Qin Ding and Dongguan Xing Ding, and the target companies will be included in the consolidated financial statements of the Company.