Zhitong Finance App News, Jiebang Technology (301326.SZ) announced that the company plans to use 67 million yuan of its own capital to take over the paid-in registered capital of 12.1765.22 million yuan from Mr. Zhou Lei's stable industrial (Shanghai) Co., Ltd. (“stable industrial”), and subscribe to stable industrial with 30 million yuan of its own capital to add the registered capital of 54521.74 million yuan. The premium portion of the capital increase will be included in the capital reserve fund of stable industrial. At the same time, it was agreed that the company or its overseas holding subsidiary would transfer 55% of the shares of WENGU VIET NAM HIGH TECHNOLOGY COMPANY LIMITED (“Vietnam Company”) held by Stable Sealing Systems (Hong Kong) Co., Ltd. (“Hong Kong Company”) with its own capital of 3 million yuan. After the transaction is completed, the company will hold 55% of the shares of Stable Industrial, the company or its overseas holding subsidiary will hold 55% of the Vietnamese company's shares, and the company will be included in the scope of the company's consolidated statements.

According to the announcement, Stable Industrial is the shareholding platform, holding 100% of Solidi Precision Technology (Suzhou) Co., Ltd. (“Solidi”) and 100% of the shares of Stable Sealing Systems (Suzhou) Co., Ltd. (“Stable Seal”), respectively. Solidi and Stable Seal are the actual business entities. Solidi specializes in the production and sale of fasteners for electronic and electrical products, and also provides gluing processing services. Screw products are processed in sizes from M0.6 to M24, and have obtained patent authorizations from companies such as German EJOT, American ACUMENT, Japan OSG, and Liangang Precision Technology (China) Co., Ltd. (“Liangang Precision” for short). The products are widely used in mobile phones, computers, household appliances, electric vehicles, and new energy vehicles. As an outsourced processor approved by well-known terminal brand manufacturers, Stable Seal coats fasteners that have been processed under contract by obtaining patent authorizations for glue types and using open licenses or self-developed rubber types. The main products focus on 3C electronic products and fasteners in the automotive industry.

According to the announcement, the main target of the transaction is the fastener and fastener gluing business. As one of the few domestic companies certified by major customers in recent years, it has some scarcity and domestic replacement space. After the transaction is completed, products and services in the field of structural parts can be expanded horizontally. At the same time, the company and the target of the transaction can have many synergy effects in procurement introduction, R&D collaboration, mass production systems, quality control, and after-sales service for major clients. Furthermore, the target of the transaction is entering the field of power lithium batteries and automotive structural parts. After the transaction is completed, the company and the target of the transaction can collaborate and integrate customer resources in the field of power lithium batteries and automotive structural parts, thereby speeding up the development of the company's products and business in this field.