ZERUN CO., LTD (301636.SZ) plans to acquire no less than 51% equity interest in Hechuang Zhizao.

ZERUN CO., LTD (301636.SZ) announced that on October 9, 2026, the Company held the fifth meeting of the second board of directors, at which the "Proposal on Planning an Equity Acquisition and Signing the <Cooperation Framework Agreement>" was reviewed and approved. On the same day, the Company signed the "Cooperation Framework Agreement" with Dongguan Hechuang Zhizao Technology Co., Ltd. (hereinafter referred to as "Hechuang Zhizao" or the "Target Company") and its shareholders Wang Qiang, Dongguan Chuangzhi Zhan Venture Capital Partnership (Limited Partnership), and Li Xiong. The Company intends to acquire no less than 51% equity interest in Hechuang Zhizao by way of a cash acquisition. Upon completion of this transaction, Hechuang Zhizao will become a controlled subsidiary of the Company. The Target Company is primarily engaged in the research and development, production, and sales of thermal management and heat dissipation components, mainly providing heat dissipation solutions and services for servers, telecommunications and networking, graphics accelerator cards, smart projectors, AI intelligent hardware, industrial equipment, power and new energy, and PC products, with downstream end customers covering fields such as power and new energy. The two parties have many opportunities for synergy in research and development, processes, and downstream customers. If this transaction is successfully implemented, the listed company can quickly enter the heat dissipation field and, by leveraging the listed company's advantages in research and development and processes, help upgrade and transform the Target Company's products; and help the Target Company establish business connections and cooperation relationships with the listed company's existing large number of downstream customers (especially in fields such as new energy vehicles and energy storage), achieving coordinated development.