OFILM Group boosts subsidiary stake, forecasts 2026 connected transactions

OFILM Group intends to increase its stake in Anhui OFILM Intelligent Connected Vehicle Technology Co., Ltd. by acquiring shares from Shenzhen Xinshi Xinxing Industrial M&A Fund Partnership (Limited Partnership) for CNY 241,453,879 and from Nanjing FAW Innovation Fund Investment Management Center (Limited Partnership) for CNY 123,464,477. These acquisitions will raise OFILM Group's ownership in Anhui OFILM from 78.5354% to 86.9974%. The transactions are deemed connected due to various relationships with the company's actual controller and other related parties.

The company also forecasts total daily connected transactions not exceeding CNY 1.156 bn for 2026 with entities including New Thinker Motor Co., Ltd., New OFILM Communication Technology Co., Ltd., Jiangxi New OFILM New Material Co., Ltd., Jiangxi Zhuoxun Microelectronics Co., Ltd., and Anhui Ousimicro Technology Co., Ltd. These transactions, primarily involving the sale and purchase of products, materials, and services, are essential for OFILM Group’s operational needs and market presence.

The acquisitions and the 2026 connected transactions, approved by the board and independent directors, are based on market-driven pricing principles and are not expected to harm the interests of the company or its shareholders. OFILM Group's controlling shareholder and chairman, Mr. Cai Rongjun, is also the controlling shareholder or director of several of the connected transaction parties.