Civil Explosive Optoelectronics (301362.SZ): Plans to acquire 51% equity of Xiazhi Precision

Gelonghui April 7th | Minbao Optoelectronics (301362.SZ) announced that the company held the 10th meeting of the third board of directors on April 7, 2026, and approved the proposal on “Cash Acquisition of 51% Equity of Xiamen Xiazhi Precision Technology Co., Ltd. and Related Party Transaction.” According to the valuation report issued by an appraisal agency that meets the requirements of the Securities Law of the People’s Republic of China (Zhonglian International Appraisal Letter [2026] No. VIMQB0227), the valuation value stated in the report, after negotiations among the parties, the company has decided to use its own funds of 244.8 million yuan to acquire 51% equity of Xiazhi Precision. After the completion of this transaction, the target company will become a controlling subsidiary of the company and will be included in the company’s consolidated financial statements.

Before this transaction, the company and the transaction counterparty had no related-party relationship. In addition to this transaction, the company plans to purchase 49% equity of Xiazhi Precision from Xiamen Maida through a share issuance. After the completion of this transaction, the transaction counterparty is expected to hold more than 5% of the company’s total shares, and is expected to become a shareholder holding more than 5% of the company’s shares. According to relevant provisions of the “GEM Stock Listing Rules of the Shenzhen Stock Exchange,” this transaction constitutes a related-party transaction but does not constitute a major asset reorganization as stipulated in the “Administrative Measures for Major Asset Reorganization of Listed Companies.”