Yachuang Electronics Responds to Shenzhen Stock Exchange Inquiry on Share Issuance and Cash Payment for Asset Acquisition

MaticHoleFiller · 2026-03-22T12:04:46+00:00

Shanghai Yachuang Electronics Group Co., Ltd. announced that it has completed its response to the inquiry letter regarding the issuance of shares to purchase assets. The company plans to acquire equity interests in two companies and raise funds. The transaction is subject to approval by the Shenzhen Stock Exchange and involves uncertainties.

MaticHoleFiller

2026-03-22 12:04:46

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Shanghai Yachuang Electronics (Rights Protection) Group Co., Ltd. (Stock Code: 301099, Stock Abbreviation: Yachuang Electronics) announced on March 16 that it has completed responses to the inquiry letter regarding the review of its issuance of shares and cash payment for asset purchase and the fundraising of supporting funds.

The announcement shows that Yachuang Electronics plans to acquire a 40.00% stake in Shenzhen Ouchuangxin Semiconductor Co., Ltd. and a 45.00% stake in Shenzhen Yihai Neda Co., Ltd. through issuing shares and paying cash, while simultaneously raising supporting funds. On February 5, 2026, the company received the “Inquiry Letter on the Review of the Application for Issuance of Shares and Cash Payment for Asset Purchase and Fundraising” (Review Letter [2026] No. 030005) from the Shenzhen Stock Exchange. The company and relevant intermediaries have addressed each inquiry item with explanations, demonstrations, and responses, which have been disclosed in this announcement on the same day.

Yachuang Electronics emphasizes that this transaction is subject to approval by the Shenzhen Stock Exchange and registration approval by the China Securities Regulatory Commission before it can be implemented. Whether the transaction will be approved or registered by relevant authorities, and the timing of such approval or registration, remains uncertain. The company will continue to promote the related work and strictly fulfill its disclosure obligations in accordance with relevant laws and regulations. All information is subject to the disclosures made by the company on the designated information disclosure media of the Shenzhen Stock Exchange.

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