Hanwei to divest stake in Zhengzhou Hanwei Zhiyuan Technology

Hanwei Electronics Group Corporation will sell 65% of Zhengzhou Hanwei Zhiyuan Technology Co., Ltd. to Zhengzhou Gaoxin Investment Holding Group Co., Ltd. for 43,986.475 million yuan. This transaction, approved by the board on September 30, 2025, aligns with Hanwei's strategy to focus on its core sensor and smart solutions businesses. The sale will result in Zhengzhou Hanwei Zhiyuan no longer being consolidated into Hanwei's financial statements.

A valuation report assessed Zhengzhou Hanwei Zhiyuan's total shareholder equity at 76,079.50 million yuan as of July 31, 2025. This represents an appraisal increment of 27,600.33 million yuan (56.93%) over its audited net asset value of 48,479.17 million yuan.

The transaction is subject to approval by Hanwei's shareholders at an extraordinary general meeting on October 16, 2025. Payment will be made in two installments, with the final payment due by December 31, 2025.