Securities code: 603879 securities abbreviation: Yongyue Science&Technology Co.Ltd(603879) Announcement No.: 2022-018 Yongyue Science&Technology Co.Ltd(603879)
On foreign investment in establishing wholly-owned subsidiaries and developing new businesses
Supplementary risk warning notice
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Yongyue Science&Technology Co.Ltd(603879) (hereinafter referred to as "the company" and " Yongyue Science&Technology Co.Ltd(603879) ") held the 11th meeting of the third board of directors on February 15, 2022, deliberated and adopted the proposal on foreign investment to establish wholly-owned subsidiaries and carry out new business. For details, see the announcement on foreign investment to establish wholly-owned subsidiaries and carry out new business disclosed by the company on February 17, 2022, The supplementary instructions for this foreign investment are as follows:
1、 The above announcement
The company plans to establish a wholly-owned subsidiary Yancheng Yongyue Intelligent Equipment Co., Ltd. (tentative name, hereinafter referred to as "wholly-owned subsidiary") in Yancheng City, Jiangsu Province. The registered capital of the wholly-owned subsidiary is 25 million yuan, which is committed to the R & D and production of UAV, unmanned vehicle, intelligent Siasun Robot&Automation Co.Ltd(300024) and other technologies.
2、 Risk tips related to the above foreign investment
1. Up to now, the wholly-owned subsidiary is still in the preparatory stage, has not signed any agreement, and has not reserved relevant professionals in this field. At present, the company plans to take Yongyue Science&Technology Co.Ltd(603879) Beijing Branch as the main sales and operation team in the future for market development. The company will recruit and introduce professionals through universities and markets.
2. Up to now, the wholly-owned subsidiary has not owned relevant patented technology and equipment. After the establishment of the wholly-owned subsidiary, the company will recruit relevant senior talents from the market for R & D and production as soon as possible, and will also purchase production equipment from the market as soon as possible. As the wholly-owned subsidiary is still preparing for the application, it does not have the ability to produce unmanned equipment. At present, the wholly-owned subsidiary has not carried out any substantive business or signed any legally binding agreement. The future production and operation situation is not clear and has great uncertainty.
3. The company does not have relevant technical reserves and high-end professionals, and the wholly-owned subsidiary is also inexperienced in this field. There are risks that the core technology is difficult to digest and absorb, and the sales and operation are not as expected.
4. The company's foreign investment in the establishment of wholly-owned subsidiaries and the development of new businesses does not constitute an act of avoiding the company's reorganization and listing and major asset reorganization.
5、 Heze Huafeng Business Operation Co., Ltd. (formerly known as Shandong Honghua Business Operation Management Co., Ltd.), a wholly-owned subsidiary of Jiangsu Huaying Enterprise Management Co., Ltd. (hereinafter referred to as the "controlling shareholder"), previously invested and established Shandong Guangke Intelligent Technology Co., Ltd. (hereinafter referred to as "Shandong Guangke") with Shandong Fengyi Intelligent Technology Co., Ltd , the company's business scope involves relevant UAV business. At present, the controlling shareholder has transferred all the equity of the company, completed the equity change procedures in the competent department for Industry and commerce, and negotiated with other shareholders to cancel Shandong Guangke as soon as possible. Therefore, the controlling shareholders will not compete with Yongyue Science&Technology Co.Ltd(603879) .
The company solemnly reminds investors that the information disclosure media designated by the company is the website of Shanghai Stock Exchange (www.sse. Com. CN.), Relevant information is subject to the announcement of the company on the above website. Please pay attention to investment risks and invest rationally.
It is hereby announced.
Yongyue Science&Technology Co.Ltd(603879) board of directors February 17, 2022
