Securities Code: 301280 Securities Abbreviation: Zhucheng Technology Announcement No.: 2026-035
Zhejiang Zhucheng Technology Co., Ltd. Announcement on the Progress of Proposed Sale of Equity in a Subsidiary
The Company and the members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
I. Overview of the Transaction
On June 22, 2026, Zhejiang Zhucheng Technology Co., Ltd. (hereinafter referred to as the "Company") signed an "Equity Transfer Agreement" with Wuxi Zhenhua Auto Parts Co., Ltd. (hereinafter referred to as "Wuxi Zhenhua"), Dejia Automotive Electronics (Wuxi) Co., Ltd. (hereinafter referred to as the "Target Company" or "Dejia"), and all its shareholders. The Company intends to sell its 20% equity in the subsidiary Dejia to Wuxi Zhenhua for RMB 50 million. If this transaction is successfully completed, the Company will no longer hold any equity in the Target Company.
On April 24, 2026, the Company, Wuxi Zhenhua, the Target Company, and all its shareholders signed an "Acquisition Intention Agreement." For specific details, please refer to the "Announcement on Proposed Sale of Equity in a Subsidiary and Signing of Acquisition Intention Agreement" (Announcement No.: 2026-026) disclosed by the Company on Giant Information Network on April 24, 2026.
In accordance with the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange," the "Company's Articles of Association," and other relevant regulations, this transaction does not require deliberation by the Company's Board of Directors and Shareholders' Meeting, does not constitute a related-party transaction, and does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
The completion of this transaction is subject to the fulfillment of certain conditions precedent stipulated in the "Equity Transfer Agreement," and there is a degree of uncertainty regarding the completion of the transaction. The Company will fulfill its information disclosure obligations in a timely manner based on the progress of the relevant transaction matters. Investors are advised to pay attention to investment risks.
II. Basic Information of the Transaction Counterparties