Longqi Technology(09611.HK) plans to acquire a 60% stake in Kejun Chengjing Precision and Jiya Metal for 540 million yuan, expanding into high-precision metal etching and VC heat dissipation module businesses.

Gelunhui, March 31丨Qilunji Technology (09611.HK) announced that on March 30, 2026, the Company entered into a share transfer agreement with the sellers Wu Yutao, Xiong Daoan, and Suzhou Anjie Capital to acquire an aggregate 60% equity interest in each target company from the sellers for a total consideration of RMB 540 million.

Ke Jun Cheng Precision (Target Company A) is a limited liability company established in China on March 24, 2021. Ke Jun Cheng Precision is a high-tech enterprise focusing on high-precision metal etching technology. It mainly engages in providing precise metal processing solution services for customers in the consumer electronics industry and other industries, including metal etching, laser cutting, and stamping. Its principal businesses include etching and manufacturing of VC (vapor chamber) heat dissipation fins and precision metal components, mainly used in heat dissipation modules and related structural parts for smartphones, tablet computers, and other consumer electronics products.

Jia Ya Metal (Target Company B) is a limited liability company established in China on March 16, 2017. It also mainly engages in providing metal processing solution services.

Immediately prior to the completion of the acquisition, the equity interests of Ke Jun Cheng Precision and Jia Ya Metal were held by Wu Yutao, Xiong Daoan, Suzhou Anjie Capital, and an employee incentive platform, respectively, representing 38.8%, 37.2%, 20.0%, and 4.0%.

The Company expects that the products and technology of the target companies meet the Company’s overall development strategy. The Company focuses on intelligent product ODM manufacturing, providing one-stop services from research and development design to production and manufacturing for brand customers in industries such as consumer electronics. The target companies are high-tech enterprises with high-precision metal etching technology as their core, mainly providing customers in industries such as consumer electronics with precise metal processing solutions including metal etching, laser cutting, and stamping. The target companies’ heat dissipation modules and related structural parts, such as VC (Vapor-Chamber) vapor chamber heat dissipation plates and metal precision parts, can be applied in the Company’s ODM manufacturing process.

The Company expects that the acquisition will enhance its market penetration in areas such as smart mobile phones and tablet computers, and generate synergies with its existing business. With the target companies’ technical expertise in metal etching, the Group will be better able to strengthen its technical capabilities and enhance its value proposition in the integrated ODM industry of design and manufacturing. In this regard, the Company believes that advancing the acquisition is in the overall interests of the Company and its shareholders.

After completion of the acquisition, the Company, Wu Yutao, Xiong Daoan, and the employee incentive platform will hold 60%, 18.8%, 17.2%, and 4% of the equity interests in each target company, respectively. Suzhou Anjie Capital will no longer be a shareholder of each target company. Each target company will become a non-wholly owned subsidiary of the Company, and its financial performance will be included in the Group’s financial statements.

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