Tiangong International (00826) subsidiary plans to invest in Henan Zuneng Precision to accelerate its entry into the market for PCB precision processing tool products such as PCB drills

According to Zhitong Finance App, Tiangong International (00826) announced that on September 15, 2026, Jiangsu Tiangong Hard Alloy Technology Co., Ltd. (Tiangong Hard Alloy), an indirect subsidiary of the company, and Henan Zuneng Precision Co., Ltd. (Zoneng Precision) and their four original shareholders have decided on a memorandum of equity cooperation. According to this, Tiangong Hard Alloy will purchase a total of 48.42% of Zaneng Seiko's shares from the original shareholders at a total price of RMB 46 million. Meanwhile, Tiangong Hard Alloy will use RMB 5 million to subscribe for Zoneng Precision's new shares, accounting for 51.00% of Zoneng Precision's expanded registered share capital after the subscription.

Zuneng Seiko is an enterprise specializing in R&D, production and sales of precision tools for PCB processing. It has a monthly manufacturing capacity of 5 million drill bits for PCB processing, can mass-produce drill products for PCB processing of up to 0.03 mm, and provides precision tool products such as standard and customized drills to more than 100 well-known domestic PCB manufacturers. The company's management team has more than 20 years of experience in drill bit R&D and manufacturing, and has a good technical accumulation and market foundation. As a high-tech enterprise, a national technology-based SME, and a provincial innovative SME in Henan Province, Zuneng Precision has 15 utility model patents and 2 software copyrights.

Through cooperation with Zoneng Seiko, the Group expects to accelerate the Group's entry into the market for PCB precision processing tool products such as PCB drills, and further expand the market segment space through the integration of Zoneng Seiko's corporate governance after the Group takes a share.