Shenzhen Minbao Optoelectronics Co., Ltd. (hereinafter referred to as "the Company" or "the Listed Company") disclosed the "Plan for Issuing Shares to Purchase Assets and Raising Supporting Funds and Related Transactions" (hereinafter referred to as "this transaction plan") and its summary on January 31, 2026. The Company also announced its intention to acquire 51% equity in Xiamen Xazhi Precision Technology Co., Ltd. for cash, detailing the risk factors and approval procedures involved in this transaction. The Company held the 10th meeting of the 3rd Board of Directors on April 7, 2026, and the 3rd Extraordinary General Meeting of Shareholders on April 23, 2026, where it approved the proposal for the cash acquisition of 51% equity in Xiamen Xazhi and related transactions. For detailed information, please refer to the announcements published on April 8, 2026, and April 24, 2026, on the Giant Tide Information Network (www.cninfo.com.cn). Recently, Xiamen Xazhi has completed the relevant industrial and commercial change registration and obtained a new business license issued by the Xiamen Market Supervision Administration. For specific details, please see the announcement published on April 28, 2026, on the Giant Tide Information Network.
The Company plans to issue shares to purchase a 49% stake in Xiamen Xazhi and raise supporting funds. This transaction still requires further review and approval from the Company's Board of Directors and the General Meeting of Shareholders, and it must be approved by the Shenzhen Stock Exchange and registered with the China Securities Regulatory Commission before it can be officially implemented. There is uncertainty regarding whether the necessary approvals and registrations will be obtained and the timeline for such approvals. Investors are advised to pay attention to investment risks.