Beijing E Ink Technology Co., Ltd.
Announcement on External Investment to Purchase Equity
The company and the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false records, misleading statements, or material omissions.
Special Notes:
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Beijing E Ink Technology Co., Ltd. (hereinafter referred to as "the Company" or "E Ink Shares") intends to acquire 26.3956% of the equity in Hangzhou Manxia Technology Co., Ltd. (hereinafter referred to as "Manxia Technology") and Gao Hong's holdings in Hangzhou Qiqi Zao Wu Technology Co., Ltd. (hereinafter referred to as "the Target Company" or "Qiqi Zao Wu") for a total cash consideration of RMB 103.5 million (corresponding to a registered capital of RMB 263.955633 million) (hereinafter referred to as "this Transaction", "the Transaction Asset", or "the Equity to be Acquired").
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According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and other relevant regulations, this transaction does not constitute a connected transaction, nor does it constitute a major asset restructuring as stipulated in the "Administrative Measures for Major Asset Restructuring of Listed Companies," and does not require approval from relevant authorities. This transaction will be conducted in cash, with funds sourced from the Company's own funds or funds raised. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Articles of Association," this matter falls within the scope of the board of directors' decision-making authority and does not require submission to the Company's shareholders' meeting for deliberation.
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This transaction is subject to the approval of the Target Company's shareholders' meeting, the shareholders' waiver of pre-emptive rights, co-sale rights, anti-dilution rights (if any), and other rights affecting this transaction. Therefore, this transaction is still subject to uncertainty.
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This transaction has not yet been completed. The successful completion of relevant equity transfer, industrial and commercial changes, and other matters remains uncertain. Investors are kindly advised to invest rationally, make prudent decisions, and be aware of investment risks.
I. Overview of the Transaction
In accordance with the Company's long-term development strategy and business expansion needs, the Company intends to acquire 26.3956% of the equity in Qiqi Zao Wu held by Manxia Technology and Gao Hong for a total cash consideration of RMB 103.5 million from its own funds or raised funds.
On July 30, 2026, the Company held the second meeting of the Third Board of Directors' Strategic Committee and the sixth meeting of the Third Board of Directors, and deliberated and passed the "Proposal on External Investment to Purchase Equity." According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Articles of Association," this matter falls within the scope of the board of directors' decision-making authority and does not require submission to the Company's shareholders' meeting for deliberation.
According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and other relevant regulations, this transaction does not constitute a connected transaction, nor does it constitute a major asset restructuring as stipulated in the "Administrative Measures for Major Asset Restructuring of Listed Companies," and does not require approval from relevant authorities.
This transaction is subject to the approval of the Target Company's shareholders' meeting, the shareholders' waiver of pre-emptive rights, co-sale rights, anti-dilution rights (if any), and other rights affecting this transaction.
II. Basic Information of the Transaction Counterparties
(I) Basic Information of Direct Transaction Counterparties