Securities code: 002625 securities abbreviation: Kuang-Chi Technologies Co.Ltd(002625) Announcement No.: 2022-005 Kuang-Chi Technologies Co.Ltd(002625)
Voluntary information disclosure announcement on signing the first phase subcontract of advanced multifunctional metamaterial airborne products
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.
On October 12, 2020, Kuang-Chi Technologies Co.Ltd(002625) (hereinafter referred to as “the company”) disclosed the voluntary information disclosure announcement on signing the agreement on the exclusive development task of advanced multifunctional metamaterial airborne products and other relevant agreements (Announcement No.: 2020-137), Shenzhen Guangqi cutting-edge technology Co., Ltd. (hereinafter referred to as “Guangqi cutting-edge”), a subsidiary of the company, as a first-class supporting manufacturer, has signed an exclusive development task agreement and other relevant agreements for advanced multifunctional airborne products based on metamaterials with an important customer in Shenyang. Among them, the first development fund allocation agreement for some products is 65 million yuan.
On December 31, 2021, the company received the notice from Guangqi cutting-edge. Based on the above development task agreement, Guangqi cutting-edge signed the first phase subcontract of advanced multi-functional metamaterial airborne products with an important customer in Shenyang. The contract is a tax free contract with an amount of 120 million yuan (including the above first development fund allocation agreement of 65 million yuan).
The signing of the above phase I contract marks the high recognition of the company’s product R & D capability by customers, is a strong proof that the company’s metamaterial business has strong competitiveness in the field of cutting-edge equipment, and is expected to have a positive impact on the company’s business performance in 2021 and 2022. In addition, the company expects that this series of advanced multi-functional airborne products will continue to bring development orders and revenue to the company during the development period, and will continue to bring batch production orders and revenue to the company after the development is completed. The company will continue to enhance the market competitiveness of metamaterial products and further improve the company’s profitability.
The performance of this transaction will not affect the independence of the company’s business, and the company will not rely on relevant customers for the performance of this transaction. There are no uncertainties and risks in the performance of this transaction in terms of laws and regulations, performance capacity, technology, etc., but the relevant implementation is subject to the risk of force majeure. Please pay attention to the investment risk.
It is hereby announced.
Kuang-Chi Technologies Co.Ltd(002625) board of directors
January 1, 2002
