301213SZSE
🚨 Material Event

Progress on Share Issuance for Asset Purchase, Ancillary Fundraising, and Connected Transaction, and Special Explanation Regarding Failure to Issue Notice for Shareholder Meeting Within Prescribed Time

Visionary Technology Co., Ltd.··3 pages

✨ AI Summary

Sichuan Guanshang Technology Co., Ltd. announces delays in its share issuance for asset purchase and fundraising. Due to the impending expiry of the target company's financial data, additional audits are required, preventing the issuance of a shareholder meeting notice within the six-month deadline. The company will proceed with the transaction and convene a new board meeting.

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Full Translation

AI Translation· gemini_document

Securities Code: 301213

Securities Abbreviation: Guanshang Technology

Announcement Number: 2026-048

Sichuan Guanshang Technology Co., Ltd.

Special Explanation Regarding Progress on Share Issuance for Asset Purchase, Ancillary Fundraising, and Connected Transaction, and Failure to Issue Notice for Shareholder Meeting Within Prescribed Time

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.

Special Reminder:

  1. Sichuan Guanshang Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Major Event Reminder" and "Major Risk Reminder" sections in its "Announcement on Issuing Shares and Paying Cash to Purchase Assets and Raising Ancillary Funds and Connected Transactions" on January 7, 2026. These sections detailed the approval procedures and risk factors involved in this transaction. Investors are kindly requested to pay attention to investment risks.

  2. Since the disclosure of the transaction plan, the Company has actively promoted the relevant work of this transaction and has reached a cooperation consensus and basic implementation plan with the transaction counterparties. Due to the impending expiry of the target company's financial data, relevant intermediaries need to conduct extended audits and supplementary due diligence. The Company anticipates that it will be unable to issue a notice for a shareholder meeting within six months from the date of the first board resolution approving this transaction (i.e., before July 6, 2026).

  3. The Company will continue to actively promote this transaction and fulfill the subsequent approval and information disclosure procedures in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

I. Overview of the Transaction

The Company intends to purchase 100.00% of the shares of Jinzhou Liaojing Electronics Technology Co., Ltd. from transaction counterparties including Su Zhou, by issuing shares and paying cash. Additionally, the Company plans to issue shares to no more than 35 specific investors meeting the requirements of the China Securities Regulatory Commission to raise ancillary funds.

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