Lingyi iTech completes acquisition, adjusts share scheme, provides guarantees

Lingyi iTech (Guangdong) Company has successfully finalized the acquisition of 96.15% equity in Zhejiang Xianglong Machinery Co., Ltd. for 240,384.00 yuan, making it a controlled subsidiary and incorporating it into the company's consolidated financial statements. This follows board approval on October 28, 2025, and marks a strategic expansion.

In related developments, the company's 2022 employee stock ownership plan has been fully disposed of and terminated. From December 13, 2023, to December 26, 2025, the plan's 45,975,000 shares were sold through centralized bidding, representing 0.63% of the company's total share capital. The termination aligns with regulatory requirements and internal governance.

Furthermore, Lingyi iTech has provided significant guarantees for its subsidiaries, Dongguan Lingjie Metal Precision Manufacturing Technology Co., Ltd. and Dongguan Lingyi Precision Manufacturing Technology Co., Ltd., through intellectual property pledge agreements with China Construction Bank. These guarantees, each amounting to 50,000,000 yuan, support the subsidiaries' credit facilities for 2025-2026, with the company's total outstanding guarantees reaching 1,395,551.80 yuan, or 70.46% of its net assets.