Guangyang Co., Ltd.: Plans to acquire 100% equity of Southeast Mutual for 622 million yuan

Mars Finance News, April 17 — Guangyang Co., Ltd. announced that the company plans to acquire 100% equity of Changshu Southeast Mutual Electronic Co., Ltd. through a cash payment, with a transaction price of 622 million yuan. This transaction does not constitute a related-party transaction or a major asset restructuring. The target company specializes in the research and production of rigid-flex combination boards, HDI boards, and other printed circuit boards, with products used in smartphones, new energy vehicles, and other fields. According to the valuation, as of December 31, 2025, the total equity valuation of the target company’s shareholders is 622 million yuan. After the acquisition is completed, the target company will become a wholly owned subsidiary of the company and will be included in the consolidated financial statements. This transaction aims to deepen the company’s layout in the electronic circuit board field and to leverage industrial synergy effects. The matter has been approved by the board of directors and still requires approval from the shareholders’ meeting and filing approval from relevant government departments. (Company Announcement)