Ningbo Joyson Electronic Corp. (600699.SH) announced on November 28th that since July 2023, the company has cumulatively increased its shareholding in Guangdong Senssun Weighing Apparatus by 31,787,000 shares through agreement transfer, centralized bidding, and block trade methods, accounting for 24.0673% of its total share capital. The total investment amount is approximately 0.98 billion RMB, making it the largest shareholder of Guangdong Senssun Weighing Apparatus.
In view of the signing of the "Agreement on the Termination of Concerted Action Relationship" by the original controlling shareholder and actual controller of Guangdong Senssun Weighing Apparatus with their concerted action parties, and the issuance of the "Commitment Letter on Not Seeking Control", fully acknowledging and supporting Ningbo Joyson Electronic Corp. to become the controlling shareholder of Guangdong Senssun Weighing Apparatus, the company has sent a "Notice to Request Early Board Restructuring to Confirm Change in Control" to Guangdong Senssun Weighing Apparatus on November 28, 2024. It is proposed to confirm the company's control position over Guangdong Senssun Weighing Apparatus and become its controlling shareholder by nominating and deciding on the appointment of more than half of the board members.
In order to further strengthen the strategic synergy between the company and Guangdong Senssun Weighing Apparatus in the auto parts business, accelerate the overall strategic layout of the company in the new energy auto industry chain, asia vets cabins, and other fields, optimize the company's existing asset structure, enrich the intelligent electric vehicle product matrix, the company intends to confirm its control position over Guangdong Senssun Weighing Apparatus and become its controlling shareholder by nominating and deciding on the appointment of more than half of the board members. After becoming the controlling shareholder of Guangdong Senssun Weighing Apparatus, the shareholder structure of Guangdong Senssun Weighing Apparatus will be optimized, helping to further strengthen its control over the core auto parts business, and enabling Guangdong Senssun Weighing Apparatus to achieve high-quality development in customer resources, management experience, research and innovation, asset structure, and other aspects, bringing better returns to all shareholders including the company.
