Jiarong Technology: Planning to issue shares to acquire 100% equity of Hangzhou Lanran

Jiarong Technology Announcement: The company plans to purchase 100% of the equity of Hangzhou Lanran Technology Co., Ltd. held in aggregate by 19 trading counterparties, including Xiamen Puyu and Lou Yongtong, through the issuance of shares, at a transaction price of 1.35 billion yuan. At the same time, the company plans to issue shares to Xiamen Puyu to raise supporting funds of 1.0 billion yuan for projects such as the green complete equipment production base project and the electrodialysis membrane assembly production base project, among others. This transaction constitutes a related-party transaction and does not constitute a restructuring or re-listing. The performance commitment party will provide commitment compensation for the target assets’ future performance. The target company, Hangzhou Lanran, mainly engages in the research, development, production, and sales of ion-exchange membranes and components, as well as electrodialysis-related equipment, and electrodialysis membrane assembly.
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