Gelonghui, November 13 | Wuhan Fangu (002194.SZ) announced that due to business development needs, Wuhan Guangju Microelectronics Co., Ltd. (hereinafter referred to as the “target company” or “Wuhan Guangyu”) plans to finance foreign countries through capital increase and share expansion; in order to further enrich its industrial layout to achieve future sustainable development, the company intends to participate in the target company's capital increase and share expansion. After preliminary negotiations, the company and the target company signed the “Investment Intent Agreement” (hereinafter referred to as “this transaction”) on November 13, 2024.
The transaction is still in the planning stage. According to the agreement of this “Investment Intent Agreement”, the company's investment amount does not exceed RMB 100 million. Specific matters such as investment valuation, consideration, payment terms and methods of the capital increase transaction will be subject to the agreement of the final signed capital increase agreement after fair discussion by all parties involved in this investment based on due diligence findings. According to the “Shenzhen Stock Exchange Stock Listing Rules” and other relevant regulations, Ms. Wang Lili, Mr. Meng Fanbo, and the target company are related parties to the company. This transaction constitutes a related transaction, but it does not constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”.
