Junzhi Group (01300): Plans to acquire 100% of Qinghai Zhongli Optical Fiber Technology's shares for 455 million yuan

Zhitong Finance App News, Junzhi Group (01300) announced that on September 11, 2026, the buyer (Jiangsu Junzhi Technology Co., Ltd., an indirect wholly-owned subsidiary of the company) successfully acquired 100% of the shares in the target company (Qinghai Zhongli Optical Fiber Technology Co., Ltd.) from the seller (Qinghai Qingyin Project Management Co., Ltd.) through a bid conducted on the Chongqing Property Exchange Network, at a cost of RMB 455 million (equivalent to about HK$526 million).

The target company is a limited company established in China on July 5, 2013, and is wholly owned by the seller as of the date of this announcement. The target company is mainly engaged in the production and sale of optical fiber prefabricated rods, optical fibers and optical fiber connectors, while its wholly-owned subsidiary (that is, Target subsidiary) is mainly engaged in the research and development of optical fiber prefabricated rods, optical fibers, and optical fiber connectors. After the acquisition is completed, the target company and target subsidiary (Qinghai Optical Communication Materials Engineering Technology Research Center Co., Ltd.) will each become an indirect wholly-owned subsidiary of the company.