According to Zhitong Finance App, Guoen Technology (02768) issued an announcement. On October 11, 2026, the company (as the buyer) signed an equity acquisition agreement with the seller Lai Minggui and the target company Sichuan Zhongfu Energy New Material Technology Co., Ltd. The buyer intended to acquire 80% of the shares in the underlying company from the seller at the transaction price. The transaction price was RMB 1,504 billion.
After delivery, the buyer will hold 80% of the shares in the target company, and the target company will become a holding subsidiary of the company. The target company is mainly engaged in the production and sale of products such as sulfur hexafluoride, carbon tetrafluoride, and nitrogen trifluoride.
The Board believes that the acquisition will result in the following key benefits:
(1) Expand the Group's business to the high-purity electronic specialty gas market. This market has high technical barriers and added value characteristics. It can complement the Group's current consumer businesses such as home appliances and automobiles in downstream application fields, effectively hedge against the risk of fluctuations in a single business cycle, and enhance the Group's operational resilience and sustainable development capabilities;
(2) Strengthen the Group's product matrix by introducing electronic specialty gas product categories for high-voltage power facilities, advanced manufacturing, display panels, etc.;
(3) It helps to integrate the Group's large-scale fine chemical manufacturing experience with the target company's electronic-grade high-purity preparation capabilities, and promote the Group's industrial upgrading towards high-purity electronic chemical materials;
(4) Expand the Group's customer coverage and create cross-selling opportunities through complementary customer groups between the Group and the target company; and
(5) Strengthen the Group's production layout and geographical coverage through the target company's production facilities in southwestern China.