Guangdong Hongyuan A announced that the company previously disclosed plans to acquire shares in Shenzhen Jinwangda Electromechanical Co., Ltd.; up to now, the target company's audit and evaluation work has been completed. The company signed a conditional share transfer agreement with the transferor on November 11, 2026, to purchase 100% of Jinwangda's shares in cash at a transaction price of RMB 550 million. The transaction has been reviewed and approved by the company's board of directors and still needs to be submitted to the shareholders' meeting for approval; the other terms of the agreement take effect after the transaction is approved by the shareholders' meeting and all relevant government department approval documents are met.

Guangdong Hongyuan A announced that the company previously disclosed plans to acquire shares in Shenzhen Jinwangda Electromechanical Co., Ltd.; up to now, the target company's audit and evaluation work has been completed. The company signed a conditional share transfer agreement with the transferor on November 11, 2026, to purchase 100% of Jinwangda's shares in cash at a transaction price of RMB 550 million. The transaction has been reviewed and approved by the company's board of directors and still needs to be submitted to the shareholders' meeting for approval; the other terms of the agreement take effect after the transaction is approved by the shareholders' meeting and all relevant government department approval documents are met.