Chengdu Shengbang Sealing Components Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
On November 18, 2025, the Company disclosed the "Announcement on Planning Major Asset Restructuring and Signing the <Acquisition Framework Agreement>" (Announcement No. 2025-049) on the Giant Tide Information Network (www.cninfo.com.cn). The Company planned to acquire 60% of the equity of Wuxi Woco Engine Noise Reduction Components Co., Ltd. (hereinafter referred to as "the Target Company") in cash, thereby injecting strong momentum for the Company to further expand its overseas market and improve its global layout.
Due to the failure of the parties involved to reach an agreement on the core terms and transaction details of this transaction, a final plan and formal agreement could not be reached. With the unanimous consent of all parties involved, the planned major asset restructuring has been terminated, and the specific matters are announced as follows:
1. Basic Situation of the Planned Major Asset Restructuring
On November 18, 2025, the Company signed the <Acquisition Framework Agreement> with WOCO.F.J. Wolf Holding GmbH (hereinafter referred to as "the Counterparty"), intending to acquire 60% of the equity of the Target Company held by the Counterparty in cash. Upon completion of this transaction, the Target Company would become a subsidiary controlled by the Company. According to preliminary research and calculations, this transaction is expected to constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This transaction is planned to be conducted in cash, does not involve the issuance of shares, does not constitute a related party transaction, and will not lead to a change in the Company's control.