On July 15th, Gelunhui announced that its subsidiary, Hongtian Technology Co., Ltd., intends to invest RMB 5.1 million in its own or self-raised funds, Dongguan Fuguangli Enterprise Management Service Co., Ltd. intends to invest RMB 2 million, Shenzhen Liuyuan Investment Partnership Enterprise (Limited Partnership) intends to invest RMB 2 million, and Defeng (Yancheng) Investment Partnership Enterprise (Limited Partnership) intends to invest RMB 0.9 million to jointly establish a joint venture company, Dongguan Hongxing Vacuum Technology Co., Ltd. (tentative name, subject to the approval registration of relevant competent authorities, referred to as "joint venture company" or "Hongxing Vacuum"), which will be included in the company's consolidated financial statements and, based on the joint venture company, acquire the core operating assets of Dongguan Longzheng Vacuum Equipment Co., Ltd. (referred to as "Longzheng Vacuum") consisting of production equipment, inventory products, patent technology, etc., at a transaction price of RMB 8.5 million (including tax).
Longzheng Vacuum is a high-end process vacuum equipment solution provider that integrates equipment research and development, manufacturing, sales, and services. It has strong R&D capabilities in the vacuum application field, its own independent test base and R&D center, and has carried out cooperation projects with domestic well-known colleges and universities such as Lanzhou Jiaotong University. It has several practical new patents and other intellectual property rights, and has successfully developed coating technology solutions that meet various different requirements for customers in the fields of semiconductors and flexible substrate winding, as well as the electronics, medical equipment, smart wearables, optics, kitchen and bathroom industries.
This acquisition of the core operating assets of Longzheng Vacuum is conducive to further implementing the company's development strategy of "optimizing its main business, upgrading and transforming, and global layout", enhancing the company's profitability and management efficiency, optimizing its capital structure, strengthening its ultra-precision vacuum coating equipment business, focusing on the development of composite copper-aluminum foil equipment business, accelerating the platform layout and market promotion of vacuum magnetron sputtering, vacuum evaporation and other technologies, constantly expanding new business tracks, creating new business growth poles, and comprehensively improving the company's core competitiveness.