Securities code: 000670 securities abbreviation: * ST Yingfang Announcement No.: 2022-020 Yingfang Microelectronics Co., Ltd
Announcement on the progress of payment of equity transfer
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Shanghai Yingfang Microelectronics Co., Ltd. (hereinafter referred to as “Shanghai Yingfang micro”), a wholly-owned subsidiary of Infotmic Co.Ltd(000670) (hereinafter referred to as “the company”), completed the acquisition of 51% equity of Shenzhen huaxinke Technology Co., Ltd. and world style Technology Holdings Limited (hereinafter collectively referred to as “the target company”) in September 2020, with an equity transfer amount of 600.6667 million yuan.
1、 Paid equity transfer
As of the disclosure date of this announcement, Shanghai Yingfang micro has paid 340 million yuan for the first phase of equity transfer and 71.909 million yuan for the balance in the first phase in accordance with the asset purchase agreement, totaling 41.10909 million yuan. 2、 Subsequent payment arrangement of the second installment of the balance
Shanghai Yingfang micro still needs to pay a total of 86.889 million yuan for the second phase of equity transfer, of which Suzhou Chunxing Precision Mechanical Co.Ltd(002547) (hereinafter referred to as ” Suzhou Chunxing Precision Mechanical Co.Ltd(002547) “) 42.2862 million yuan Shanghai Junxing communication equipment Co., Ltd. (hereinafter referred to as “Shanghai Junxing”) is 37.0472 million yuan and Shanghai Ruichen communication equipment partnership (limited partnership) (hereinafter referred to as “Shanghai Ruichen”) is 7.5556 million yuan.
Considering that the original scheduled disclosure date of the 2021 annual report is April 26, 2022, and since the audit report of the subject company is not disclosed earlier than the annual report of the company, the payment plan of Shanghai Yingfang micro for the above funds is 5 working days after the original planned disclosure date of the audit report, i.e. before May 6, 2022 (including the same day). The advance issuance of the 2021 annual report and the audit report of the target company caused by the company’s issuance of shares to purchase assets will not affect the payment plan of Shanghai Yingfang micro for the above funds.
The company has informed Suzhou Chunxing Precision Mechanical Co.Ltd(002547) , Shanghai Junxing and Shanghai Ruichen (hereinafter referred to as “the above parties”) of the above matters and demands in writing. As of the disclosure date of this announcement, Shanghai Ruichen has confirmed its consent to the above matters in writing, and Suzhou Chunxing Precision Mechanical Co.Ltd(002547) and Shanghai Junxing have replied in writing to know the above matters, Therefore, Shanghai Yingfang micro will pay the corresponding equity transfer payment to the above parties before (including) May 6, 2022 as originally planned.
It is hereby announced.
Infotmic Co.Ltd(000670) board of directors
February 24, 2022
