Securities code: 002947 securities abbreviation: Suzhou Hengmingda Electronic Technology Co.Ltd(002947) Announcement No.: 2022-022 Suzhou Hengmingda Electronic Technology Co.Ltd(002947)
Announcement on foreign investment and establishment of wholly-owned subsidiaries
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of foreign investment
（1） Suzhou Hengmingda Electronic Technology Co.Ltd(002947) (hereinafter referred to as "the company" or " Suzhou Hengmingda Electronic Technology Co.Ltd(002947) ") plans to set up Tongling Yinbiao Electronic Technology Co., Ltd. (tentative name, hereinafter referred to as "Tongling Yinbiao") in Tongling City, Anhui Province with its own funds, mainly engaged in the business of consumer electronic materials and devices, with a total investment of 30 million yuan and 100.00% of the company's shares.
（2） On February 14, 2022, the 24th Meeting of the second board of directors of the company deliberated and approved the proposal on foreign investment and establishment of wholly-owned subsidiaries. This investment does not need to be submitted to the general meeting of shareholders of the company for deliberation.
（3） This foreign investment does not constitute a connected transaction and does not constitute a major asset reorganization.
2、 Basic information of investment object
（1） Company name: Tongling Yinbiao Electronic Technology Co., Ltd. (proposed)
（2） Registered capital: RMB 30 million
（3） Business scope: research and development of new materials and technologies; Hardware product R & D; Wholesale of electronic components; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Import and export of goods; Sales of high-performance sealing materials; Hardware product manufacturing; Retail of hardware products; Plastic products manufacturing; Mold manufacturing; Mold sales; Sales of synthetic materials; Manufacturing of rubber products; Sales of rubber products; Sales of graphite and carbon products; Seal manufacturing; Sales of seals; Sponge products manufacturing; Sponge products sales, etc.
（4） Contributor and source of funds: cash contribution, and the source of funds is self owned funds
（5） Equity structure: Suzhou Hengmingda Electronic Technology Co.Ltd(002947) holds 100% shares
The specific company name, registered capital, business scope and mode of capital contribution shall be subject to the final approval of relevant departments.
3、 Purpose of foreign investment and its impact on the company
The establishment of a wholly-owned subsidiary by this foreign investment can further improve the company's capacity reserve, strengthen the company's production and R & D strength in the field of consumer electronic functional devices and precision structural parts, better meet the growing order demand of the downstream market, actively seize business opportunities and continuously improve the market share. All the investment funds come from the company's own funds, which will not have an adverse impact on the company's production and operation, and there is no situation damaging the interests of the company and all shareholders.
4、 Risks and Countermeasures of foreign investment
This foreign investment may be affected by macroeconomic policies, changes in market demand and other factors. After the establishment of a wholly-owned subsidiary, there are certain operational and management risks, and the investment income is uncertain. Therefore, the company will strengthen and implement effective internal control and risk prevention mechanism to actively prevent and reduce relevant risks.
5、 Documents for future reference
Resolution of the 24th Meeting of the Suzhou Hengmingda Electronic Technology Co.Ltd(002947) second board of directors
It is hereby announced.
Suzhou Hengmingda Electronic Technology Co.Ltd(002947)
Board of directors
February 15, 2022
