Yinlun Machinery to acquire DeepBlue Electronics, updates governance

Zhejiang Yinlun Machinery Co., Ltd. (Yinlun Machinery) plans to acquire and invest in Shenzhen DeepBlue Electronics Co., Ltd. (DeepBlue Electronics). It aims to hold over 55% of DeepBlue Electronics' equity with an investment of approximately yuan 132.57 million. This acquisition, approved by Yinlun Machinery's board, is intended to accelerate digital and energy thermal management business development by integrating core technologies.

Concurrently with the acquisition, Yinlun Machinery has revised several key internal management policies. These include updates to its information disclosure, internal audit, external financial assistance, shareholder and actual controller behavior, securities investment, and related party transaction management systems. These revisions aim to strengthen corporate governance, improve risk control, and ensure compliance with regulatory requirements. The updated policies cover areas from asset valuation and financial reporting to internal audit scope and the handling of related party transactions.

The acquisition valuation of DeepBlue Electronics' total shareholder equity is yuan 193 million. The transaction involves purchasing 20,313,514 shares from 20 shareholders for a total of yuan 82,269,731.70, with a per-share price of yuan 4.05. A subsequent capital increase of approximately yuan 50 million is also planned. These actions collectively seek to bolster Yinlun Machinery’s market position and operational efficiency.