Goertek Co., Ltd. (002241.SZ) plans to acquire 100% of Hong Kong's shares in Mia & Chang Hong Co., Ltd. for approximately HK$10.4 billion

Zhitong Finance App News, Goertek Co., Ltd. (002241.SZ) issued an announcement. In recent years, emerging smart hardware products have continued to develop under the impetus of AI artificial intelligence technology. The material performance, aesthetics and level of refinement of the products have continued to improve, and the requirements for components such as precision structural parts are also getting higher and higher. In order to meet the company's strategic development needs, enhance the company's comprehensive competitiveness in the field of precision structural parts, further deepen the company's vertical integration capabilities, continue to consolidate cooperation with leading customers in the industry, and promote the long-term healthy development of the company's main business, the company and Luen Fung Commercial Holdings Limited (Luen Fung Commercial Group Limited, hereinafter referred to as “Hong Kong Lianfeng”) reached a preliminary intention to use its own or self-raised capital of about HK$10.4 billion (equivalent to about RMB 9.5 billion. The final transaction amount was signed by both parties to the transaction (Subject to the agreement, which is still uncertain) Acquired 100% of the shares of Mega Precision Technology Limited (“Hong Kong Mia”) and Channel Well Industrial Limited (“Changhong Industrial Co., Ltd.”), a wholly-owned subsidiary of Hong Kong Lianfeng.

The target company has industry-leading competitiveness in the field of precision metal structural parts, has deep core technology accumulation in metal/non-metallic material processing, fine surface treatment and other related fields, long-term cooperation with leading industry customers in the field of precision structural parts, has considerable revenue scale and asset scale, and has complementary advantages and synergy with the company's existing precision structural parts business.

Through the acquisition of shares in the target company, the company can obtain high-quality assets and further enhance vertical integration capabilities, which is conducive to enhancing the company's overall competitiveness in the field of precision structural parts, enhancing the scale and profitability of the company's precision structural parts business, deepening cooperation with leading customers in the industry, and promoting the long-term healthy development of the company's main business.