Securities Code: 301348
Securities Abbreviation: Blue Arrow Electronic
Announcement No.: 2026-026
Foshan Blue Arrow Electronic Co., Ltd.
Announcement on the Acquisition of 60% Equity in Chengdu Xinyi Technology Co., Ltd.
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Reminders:
- Foshan Blue Arrow Electronic Co., Ltd. (hereinafter referred to as the "Company" or "Blue Arrow Electronic") signed an "Equity Acquisition Intent Agreement" with shareholders including Hong Fengming and Hong Fengjun of Chengdu Xinyi Technology Co., Ltd. (hereinafter referred to as "Chengdu Xinyi" or the "Target Company") on January 12, 2026. For details, please refer to the "Announcement on Signing the Equity Acquisition Intent Agreement" (Announcement No.: 2026-001) disclosed on the Juchao Information Network on January 13, 2026.
According to the arrangements in the signed "Equity Acquisition Intent Agreement," the relevant audit and valuation work of the target company has been completed as of now. The Company plans to acquire 60% of the equity of Chengdu Xinyi with its own funds or funds raised, amounting to RMB 336,000,000 (hereinafter referred to as the "Transaction"). Upon completion of this transaction, Chengdu Xinyi will become the controlling subsidiary of the Company and will be included in the consolidated financial statements.
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This transaction does not involve related-party transactions and does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."
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This transaction has been reviewed and approved by the fifteenth meeting of the fifth Board of Directors of the Company and needs to be submitted to the Company's shareholders' meeting for deliberation.
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The transaction involves integration and operational management risks, goodwill impairment risks, risks of performance falling short of expectations, market competition risks, risks related to the valuation of the target assets, and other risks associated with this transaction. For details, please refer to "VII. Risk Warnings for This Transaction." The Company will continue to monitor the operating conditions of the target company and fulfill its information disclosure obligations in a timely manner in accordance with relevant laws, regulations, and normative documents. We kindly remind investors to make prudent decisions, invest rationally, and pay attention to investment risks.
I. Transaction Overview
(I) Basic Situation of This Transaction
Based on the Company's long-term sustainable development strategy, to better optimize the industrial layout of the Company's main business upstream and downstream, leverage synergistic effects, and enhance the Company's core competitiveness, on June 11, 2026, the Company signed an "Equity Acquisition Agreement" with shareholders of Chengdu Xinyi, including Hong Fengming, Hong Fengjun, Chengdu Xinyi Tongchuang Technology Partnership (Limited Partnership) (hereinafter referred to as "Xinyi Tongchuang"), Chengdu Jiaozi Technology Achievement Transformation Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Jiaozi Technology"), Zhuhai Xinhe Zhiyuan Investment Partnership (Limited Partnership) (hereinafter referred to as "Xinhe Zhiyuan"), Chengdu Kechuang Investment Group Co., Ltd. (hereinafter referred to as "Chengdu Kechuang"), Shenzhen Qianshi Huichuang Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Qianshi Huichuang"), Chengdu Tongchuang Zhixing Enterprise Management Consulting Partnership (Limited Partnership) (hereinafter referred to as "Tongchuang Zhixing"), and Chengdu Xinyi. An "Equity Acquisition Agreement" was signed with Hong Fengming, Hong Fengjun, and Xinyi Tongchuang for a "Performance Commitment and Compensation Agreement." The Company plans to acquire 60% of the equity of Chengdu Xinyi for RMB 33,600,000,000 in cash. Upon completion of this transaction, Chengdu Xinyi will become the controlling subsidiary of the Company and will be included in the consolidated financial statements.
This transaction does not constitute a related-party transaction and does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."