Ningbo Joyson Electronic Corp. (00699) plans to acquire 12.4236% equity of Anhui Junsheng for 2.51566 billion yuan.

Ningbo Joyson Electronic Corp. (00699) announced that on March 23, 2026, the industrial fund and the company entered into a equity transfer agreement. According to this agreement, the company agreed to acquire 12.4236% equity of Anhui Junsheng from the industrial fund for RMB 25.1566 billion. As of the date of this announcement, the industrial fund and the company respectively held RMB 1.57 billion and RMB 7.22 billion in registered capital of Anhui Junsheng, corresponding to equity ratios of 12.4236% and 57.1155%. After the completion of the acquisition, the industrial fund will no longer hold any registered capital of Anhui Junsheng, and the company will hold RMB 8.796 billion in registered capital of Anhui Junsheng (approximately 69.54% of Anhui Junsheng's total registered capital as of the date of this announcement). Anhui Junsheng will continue to be a subsidiary of the company, and its financial performance will continue to be consolidated into the group's financial statements. Anhui Junsheng is the main platform for the group's automotive safety business, primarily engaged in the research, development, production, and sale of automotive safety products such as seat belts, steering wheels, and airbags. After this transaction is completed, the company's stake in Anhui Junsheng will be further increased, which will help enhance the company's control and management efficiency in the automotive safety business. As the profitability of the company's automotive safety business continues to improve, it will contribute to increasing the overall profitability of the company.