Tiangong International (00826.HK) subsidiary plans to invest in Henan Zuoneng Precision Industry to accelerate its entry into the market for PCB drilling needles and other PCB precision machining tool products.

Zhitong Finance APP News, Tiangong International (00826.HK) announced that on September 15, 2026, the Company's indirect subsidiary Jiangsu Tiangong Cemented Carbide Technology Co., Ltd. (Tiangong Cemented Carbide) entered into an equity cooperation memorandum with Henan Zuoneng Precision Industry Co., Ltd. (Zuoneng Precision) and its four original shareholders. Accordingly, Tiangong Cemented Carbide will acquire a total of approximately 48.42% equity interest in Zuoneng Precision from the original shareholders at a total consideration of RMB46 million. At the same time, Tiangong Cemented Carbide will further subscribe for new equity in Zuoneng Precision for RMB5 million, and upon completion of the subscription, it will hold 51.00% of the enlarged registered share capital of Zuoneng Precision.