Joyson Electronic's controlling shareholder increases stake, avoids tender offer

Beijing Jincheng Tongda (Shanghai) Law Firm issued a legal opinion confirming that Ningbo Joyson Electronic Corp's actual controller, Wang Jianfeng, and his related party, Joyson Group, completed their share increase plan. The total stake held by Wang Jianfeng and Joyson Group reached 39.8451% of the company's total share capital after the increase. The law firm concluded that this transaction complies with relevant securities laws and regulations and is exempt from a tender offer.

The increase was executed between April 11, 2025, and October 10, 2025. Joyson Group cumulatively increased its stake by 3,211,400 shares, representing 0.2301% of the current total share capital, with a total investment of approximately 70,566,100 yuan (excluding transaction fees). Wang Jianfeng, along with seven other directors and senior management, cumulatively increased their stake by 755,700 shares, representing 0.0541% of the current total share capital, with a total investment of approximately 13,256,300 yuan.

The company disclosed its share increase plan on April 11, 2025, and confirmed its completion on October 11, 2025. The law firm's opinion states that the actual controller and parties acting in concert are not prohibited from acquiring listed company shares and have fulfilled their information disclosure obligations.