Tianlong Co., Ltd. (603266.SH) plans to acquire 54.87% of Suzhou Haomibo's shares for 232 million yuan

Zhitong Finance App News, Tianlong Co., Ltd. (603266.SH) announced that the company intends to use 132 million yuan in cash to acquire Suzhou Haomibo Technology Co., Ltd., the joint holdings of Yantai Huali Investment Co., Ltd., Shihezi Mingzhao Win-Win Venture Capital Partnership (limited partnership), Anhui Guojiang Future Automobile Industry Investment Fund (limited partnership), Kunshan Hecheng Enterprise Management Partnership (limited partnership), Zhongshan West Bay Industrial Development Investment Fund Co., Ltd., Kunshan Jiuzhiyuan Enterprise Management Center (limited partnership) (“Suzhou Haomibo” or “Target Company” for short) 32.2998% of the shares.

At the same time, the company plans to increase the capital of Suzhou Haomibo with 100 million yuan in cash and obtain 33.3333% of the shares after the capital increase. After the equity transfer and capital increase settlement are completed, the company will acquire 54.8666% of Suzhou Haomibo's shares for RMB 232 million. Suzhou Haomibo will become the company's holding subsidiary and be included in the scope of the company's consolidated statements.

Through this transaction, the company will extend the industrial chain from the supply of automotive components to the integration of intelligent sensing components. Relying on the technical accumulation and industrialization experience of Suzhou Haomibo in the field of intelligent sensing such as 4D millimeter wave radar, UWB sensors, and camera fusion technology, the company quickly enters the circuit in multiple application fields such as intelligent automobile driving, low-altitude flight, smart transportation, and robotics, which not only promotes industrial upgrading and creates a second growth curve, but also deeply responds to the country's policy orientation to encourage high-end manufacturing and intelligent transformation, comprehensively enhancing the company's core competitiveness in the field of automotive electronics.