Minbao Optoelectronics: Plans to acquire 51% equity of Xiazhi Precision for 245 million yuan

2026-04-11 03:34:53

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Minbao Optoelectronics Announcement: The company plans to acquire a 51% stake in Xiamen Xazhi Precision Technology Co., Ltd. held by Xiamen Maida Intelligent Technology Co., Ltd. for 245 million yuan in cash.
After the completion of this transaction, Xazhi Precision will become a controlling subsidiary of Minbao Optoelectronics and will be included in the company’s consolidated financial statements.
Prior to this transaction, the company and the transaction counterparty have no related-party relationship.
In addition to this transaction, the company intends to purchase a 49% stake in Xazhi Precision from Xiamen Maida through issuing shares.
After this transaction is completed, the counterparty is expected to hold more than 5% of the total shares of the listed company, and is expected to become a shareholder holding more than 5% of the company’s shares.
This transaction constitutes a related-party transaction but does not constitute a major asset reorganization.

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