Hmmmm, what is really going on?
Stock code: 300328 Stock abbreviation: Yian Technology Announcement Number: 2021-006
Dongguan Yian Technology Co., Ltd.
Announcement on signing the cooperation framework agreement for precision manufacturing projects
The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the information disclosed, and there are no false records, misleading statements or major omissions.
Special Note:
1. This agreement is only a framework agreement, which is the preliminary intention of the parties to establish a cooperative relationship. The cooperation matters need to be further negotiated, promoted and implemented. There are uncertainties in the implementation process. The formal agreement signed by the parties to the cooperation shall prevail. Investors are kindly requested to pay attention to investment risks.
2. This agreement is a framework agreement, and the impact on the company's 2021 operating performance depends on the signing and implementation of subsequent formal agreements by the parties to the agreement.
3. This agreement does not constitute a connected transaction, nor does it constitute a major asset reorganization as required by the "Administrative Measures for the Major Asset Reorganization of Listed Companies".
4. The progress of the framework agreement signed by the company in the last three years
Serial number Name of framework agreement Disclosure date Progress
1
"Yian Technology and China Auto Parts Industry
Industry Co., Ltd. Strategic Cooperation Framework Agreement
August 13, 2018
In normal performance, no formal cooperation agreement has been signed yet.
2
"Gan-Shen Passenger Train (Qingxi Section) Cooperation Framework
Agreement
December 19, 2018
A formal cooperation agreement has been signed.
3
"Yian Technology Liquid Metal Project Investment Framework
Framework Agreement
July 22, 2019
In normal performance, no relevant formal agreement has been signed.
4
"Sanxiang New Materials Co., Ltd. and Yi'an
Framework Agreement on Cooperative Investment in Science and Technology
August 12, 2019
A formal cooperation agreement has been signed.
5
Quartet Cooperative Investment for Magnesium Alloy Material Project
Funding Framework Agreement
August 26, 2019
In normal performance, no formal cooperation agreement has been signed yet.
1. The basic situation of this agreement
(1) The signing of this agreement
On April 2, 2021, Zhuzhou Jinshan Science and Technology Industrial Park Management Committee (hereinafter referred to as “Management Committee” or “A
Party") and Dongguan Yian Technology Co., Ltd. (hereinafter referred to as "Yian Technology" or "Company" or "Party B") signed the "Precision Manufacturing Project Cooperation Framework Agreement" (hereinafter referred to as the "Agreement").
This agreement is only a framework agreement. According to the "Articles of Association" and other relevant regulations, it does not need to be submitted to the company's board of directors and shareholders' meeting for review. After the specific cooperation matters are clarified, the company will perform corresponding decision-making and disclosure procedures in accordance with the requirements of laws, regulations, and regulatory documents such as the Shenzhen Stock Exchange's Rules for the Listing of Stocks on the Growth Enterprise Market and the Articles of Association.
(2) The situation of the other party in this agreement
The purpose of Zhuzhou Jinshan Science and Technology Industrial Park Management Committee is to accelerate the construction and development of Zhuzhou Jinshan Science and Technology Industrial Park, promote the industrialization process of Hetang District, and achieve the goal of economic development by leaps and bounds. Zhuzhou Jinshan Science and Technology Industrial Park has a total planned area of ??nearly 43.86 square kilometers. It is located in Hetang District, the east gate of Zhuzhou City. It is adjacent to Shanghai-Kunming Expressway in the north, and the city express ring road in the east. . In 2007, Jinshan Science and Technology Industrial Park was successfully approved as the “National Torch Plan Cemented Carbide Featured Industrial Base”. In 2009, it was included in the National New Material High-Tech Industrial Base and became an important part of the rail transit and construction machinery industry cluster.
Zhuzhou Jinshan Science and Technology Industrial Park Management Committee has no relationship with the company.
2. The main content of this agreement
(1) Cooperative subject
Party A: Zhuzhou Jinshan Science and Technology Industrial Park Management Committee
Party B: Dongguan Yian Technology Co., Ltd.
(2) Cooperation content
1. Party B intends to invest in precision manufacturing projects in the jurisdiction of Party A, with a total investment of 120 million yuan. 2. This agreement involves the specific location of the project, cooperation method, cooperation period, etc.
Make it clear in the agreement. 3. This agreement is the guiding document and basis for the strategic cooperation between the two parties. The specific content shall be signed by both parties.
The formal cooperation agreement signed shall prevail.
3. Impact on the company
With the large-scale investment and construction of China's high-speed railway, subway, light rail and other rail transit, large-scale magnesium-aluminum alloy die-casting parts for rail transit car bodies will form a peak demand period with the high growth of rail transit, providing market opportunities for new material manufacturers .
Located in Central China, Zhuzhou is an important manufacturing base for automobile and rail transit industries in my country.
Development of a complete industrial chain from design to parts production, to vehicle manufacturing, and to aftermarket services. It is close to Hubei Province, a major automobile province, and has a superior location advantage. With Changzhutan as the center, covering central China, and It can be radiated to customers in the Yangtze River Delta, Pearl River Delta automobiles, rail transit vehicles and parts.
If the above investment projects are successfully implemented in the future, it will be beneficial to give full play to the company’s leading technological advantages in new materials such as liquid metal and magnesium-aluminum alloys, and to utilize Zhuzhou’s abundant local automotive and rail transportation-related industrial resources and a good supporting environment to grow the plant. Tan is the center, covering central China, and at the same time radiating to the Yangtze River Delta and the Pearl River Delta, to build a first-class liquid metal, magnesium-aluminum alloy and other new materials production and manufacturing enterprises, develop and improve the supporting chain of automobile and rail transportation related industries, and expand the automobile and rail transportation Market layout, continue to launch high-precision products of automobiles and rail transit parts that meet customer needs, increase the market share of automobiles and rail transit products, and enhance the company's comprehensive competitiveness.
4. Significant risk warning
(1) This agreement is only a framework agreement reached by the two parties through friendly negotiation, and the specific cooperation matters involved need to sign a separate formal cooperation agreement. The company will, in accordance with the relevant progress of the matters involved in this agreement, in strict accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Articles of Association" and other relevant regulations in a timely manner to perform the corresponding approval decision-making procedures and information disclosure obligations, please pay attention to investors investment risk.
(2) Within three months before the signing of this agreement, the company's controlling shareholder, shareholders holding more than 5% of the shares, and directors, supervisors and senior executives did not reduce the company's shares. In the next three months after the signing of this agreement, the company's controlling shareholders, shareholders holding more than 5% of the shares, and directors, supervisors, and senior executives will not release the restricted shares. As of the disclosure date of this announcement, the company has not received notification from controlling shareholders, shareholders holding more than 5% of the shares, and directors, supervisors, and senior executives who intend to reduce their shareholding in the company within the next three months. If it plans to implement a share reduction plan in the future, the company will perform its information disclosure obligations in a timely manner in accordance with relevant regulations.
5. Documents for reference
(1) The "Framework Agreement on Cooperation in Precision Manufacturing Projects" is hereby announced.
Board of Directors of Dongguan Yian Technology Co., Ltd.
April 2, 2021
