MLS Co.,Ltd. (002745.SZ) announces that the company (Party A) has partnered with project collaborator Chen Li (Party B), Guangzhou Xinhang...
According to the Zhitong Finance APP, MLS Co.,Ltd. (002745.SZ) announced that the company (Party A) has signed a "Cooperation Intent Agreement" with project partners Chen Li (Party B) and Guangzhou Xinhang Technology Co., Ltd. (Party C). The parties intend to collaborate on core projects related to low-altitude lighting, aviation lighting products, and system research and development, as well as manufacturing.
According to the agreement, after Party A completes the acquisition of Party C, Party A will arrange for personnel recommended by Party B to take on the role of head of the aviation lighting division. Party B will continue to serve as the chairman and general manager of Party C, and both Party B and Party C shall cultivate and establish a professional talent team for Party A. Party C is expected to achieve net income of no less than 50 million yuan, 60 million yuan, and 70 million yuan annually from 2025 to 2027. After the agreement becomes effective, Party A will conduct a due diligence investigation on Party C, and if Party A is satisfied with the results of the due diligence, it will acquire 51% of Party C's equity after legally completing the relevant procedures. The parties preliminarily agreed that Party C's overall valuation will not exceed 0.75 billion yuan. Party B commits that after the acquisition is completed, if Party C fails to meet the performance targets specified above, Party B will compensate Party A as agreed in the contract.
The announcement states that this cooperation will help the company gain a better starting position in the professional field of aviation lighting and the emerging Industry of low-altitude lighting. Through this Trade, the company will acquire customer resources, overall design capabilities, successful cases, a mature team, and a relatively complete set of qualifications, licenses, and patents.