Suzhou yunzuka electronic technology co., ltd. (securities code: 688260, securities abbreviation: yunzuka technology) announced on the evening of April 3 that it would give up its controlling sun company chizhou yunsamarium semiconductor materials co., ltd. (hereinafter referred to as "chizhou yunsamarium")'s priority capital increase right and involve related party transactions.

Chizhou Yun Samarium plans to increase its capital and shares due to the needs of business development. Among them, related Fang Gan Ziying (former shareholder) will increase its capital by 48.1 million yuan in cash, corresponding to an additional registered capital of 40.7 million yuan. The newly introduced shareholders increased their capital by 29.9 million yuan in total, corresponding to an additional registered capital of 25.3 million yuan.

After the completion of the transaction, the proportion of equity interest in Chizhou Yun Samarium indirectly held by Yunzhong Technology through its wholly-owned subsidiary Suzhou Yun Samarium Precision Stamping Company Limited will be reduced from 69.70 per cent to 23.23 per cent, and Chizhou Yun Samarium will no longer be included in the scope of the consolidated financial statements of Yunzhong Technology. Gan Ziying has served as a supervisor of Yunzuka Technology within the past 12 months, constituting a connected transaction. The transaction does not constitute a major asset restructuring, and has passed the company's board of directors for consideration, pending submission to the general meeting of shareholders for consideration.

In terms of risk warning, Chizhou Yun Samarium promised to pay off or release the stock guarantee and financial assistance provided by Yun Tsuzuka Technology and its subsidiaries before the closing date of the capital increase, including the financial lease guarantee of about 6.625 million yuan and the principal and interest of about 65.8488 million yuan of financial assistance. Delivery after the capital increase will take place within 60 business days after the conditions precedent are met or waived, but there is a performance risk.

This capital increase and the waiver of priority capital increase is based on the business development strategy and long-term strategic planning of Yunzhong Technology, which aims to optimize the allocation of resources, promote the development of core business, and contribute to the market-oriented operation of Chizhou Yunzhong and the introduction of strategic investors. The transaction price is fair and reasonable, and there is no harm to the interests of the company and other shareholders.

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