DBG Technology revises share issuance plan, updates acquisition details

DBG Technology announced a revised 2024 non-public share issuance proposal, reducing the maximum offering from CNY 103,294.48 million to CNY 84,610.75 million. This adjustment was made because the cumulative amount of working capital replenishment exceeded 30% of the prior fundraising total. The funds will primarily support the acquisition of AC Company and TIS Factory, with the remaining balance allocated to working capital.

The acquisition of AC Company, along with its subsidiary TIS Factory, was completed via a cash purchase on the Beijing Equity Exchange, granting DBG Technology 100% control. The total consideration for these assets remains CNY 73,294.48 million. This strategic move aims to expand DBG Technology's global footprint in Europe, America, and Africa, enhance its capabilities in the automotive electronics sector, and improve its financial structure.

The company's board of directors, at its fourth meeting of the fourth session on November 5, 2025, approved the revised proposal and related documents. The updated financial projections reflect the revised capital structure and acquisition details, with financial data now extended to cover 2025 (1-9 months) and 2025 (full year) as needed.