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Stock Code: 301303 Stock Abbreviation: Zhenlan Instrument Announcement No.: 2026-039
Shanghai Zhenlan Instrument Technology Co., Ltd.
Announcement Regarding External Equity Acquisition
Important Content Notice:
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Shanghai Zhenlan Instrument Technology Co., Ltd. (hereinafter referred to as the "Company" or "Zhenlan Instrument") has signed an "Equity Acquisition Agreement for Wuhu Moka Robot Technology Co., Ltd." with Mr. Luo Tao, Wuhu Jiujiang Guoyuan Robot Industry Chain Investment Fund Co., Ltd. (hereinafter "Guoyuan Fund"), Changzhou Likexi Venture Investment Center (Limited Partnership) (hereinafter "Changzhou Likexi"), Beijing Paradigm Artificial Intelligence Equity Investment Fund (Limited Partnership) (hereinafter "Beijing Paradigm"), Zhuhai Dagong No. 5 Equity Investment Enterprise (Limited Partnership) (hereinafter "Zhuhai Dagong"), and Wuhu Moka Robot Technology Co., Ltd. (hereinafter "Wuhu Moka"). The agreement stipulates that Zhenlan Instrument will use its own funds of 198 million RMB to acquire a 66% stake in Wuhu Moka. Currently, the Company has acquired a 56.8347% stake in Wuhu Moka. The transfer of the remaining 9.1653% stake held by the counterparty, Guoyuan Fund, must be conducted through a property rights exchange, which remains subject to uncertainty.
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Wuhu Moka is primarily engaged in the R&D and production of industrial robots, mainly applied in industrial automation line retrofitting and welding. It does not involve humanoid robot business. In future operations, Wuhu Moka may face multiple uncertainties, including macroeconomic fluctuations, weakened industry policy support, soft downstream market demand, intensified industry competition, delayed core technology iteration, and rising supply chain costs. Wuhu Moka's future market expansion, capacity ramp-up, and new product R&D progress are uncertain, and its future operating performance is also subject to uncertainty. Investors are advised to pay attention to relevant investment risks.
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As the Company and Wuhu Moka belong to the two sub-sectors of instrumentation manufacturing and industrial robotics, there are differences in corporate culture, organizational structure, performance appraisal, and business processes. Both parties need to achieve deep integration in management systems and corporate culture. If the Company fails to establish effective control mechanisms after the acquisition, or if measures regarding team incentives and retention of core personnel are inappropriate, it may lead to a decline in management efficiency and the loss of core technical personnel, thereby weakening Wuhu Moka's operational stability and hindering the realization of expected industrial synergies, which could impact the long-term strategic implementation of the listed company. Investors are advised to pay attention to relevant investment risks.
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According to the "Shenzhen Stock Exchange GEM Listing Rules," "Articles of Association," "Rules of Procedure for the Board of Directors," and "External Investment Management System," this acquisition does not meet the standards for Board of Directors review and does not need to be submitted to the Board for approval.