Board of Directors' Statement on the Transaction Meeting the "Small and Fast" Review Conditions

Minbao Optoelectronics Co., Ltd.·July 20, 2026·3 pages

✨ AI Summary

Shenzhen Minbao Optoelectronics Co., Ltd. proposes to acquire 49% of Xiamen Xuzhi Precision Technology Co., Ltd. via share issuance. The board confirms the transaction meets the "small and fast" review criteria, as it does not constitute a major asset restructuring, is within the transaction value limit, involves no cash, and has no accompanying fundraising. The company and its controlling parties have no recent penalties.

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Shenzhen Minbao Optoelectronics Co., Ltd. Board of Directors

Statement on the Transaction Meeting the "Small and Fast" Review Conditions

Shenzhen Minbao Optoelectronics Co., Ltd. (hereinafter referred to as "the Company" or "Minbao Optoelectronics") intends to acquire 49% of the equity of Xiamen Xuzhi Precision Technology Co., Ltd. (hereinafter referred to as "Xuzhi Precision") from Xiamen Maida Intelligent Technology Co., Ltd. (hereinafter referred to as "the Counterparty") through share issuance (hereinafter referred to as "the Transaction"). In accordance with Articles 44 and 45 of the "Shenzhen Stock Exchange Listed Company Major Asset Restructuring Review Rules" (hereinafter referred to as the "Review Rules"), the Company's Board of Directors has reviewed whether the Transaction meets the "small and fast" review conditions and hereby expresses the following opinions:

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