GON TECHNOLOGY (02768) plans to acquire an 80% equity stake in Sichuan Zhongfuneng New Materials for RMB 1.504 billion.

GON TECHNOLOGY (02768) announced that on October 11, 2026, the Company (as purchaser) entered into an equity acquisition agreement with the seller Lai Minggui and the target company Sichuan Zhongfuneng New Materials Technology Co., Ltd. The purchaser intends to acquire 80% of the equity of the target company from the seller at a transaction consideration of RMB 1.504 billion. Upon completion, the purchaser will hold 80% of the equity of the target company, and the target company will become a controlled subsidiary of the Company. The target company is principally engaged in the production and sale of products such as sulfur hexafluoride, carbon tetrafluoride, and nitrogen trifluoride. The Board believes that the acquisition will generate the following principal benefits: (1) It will expand the Group's business into the high-purity electronic specialty gas market, which is characterized by high technical barriers and high added value, and can form cyclical complementarity with the Group's current downstream application businesses that are more consumer-oriented, such as home appliances and automobiles, effectively hedging the risk of cyclical fluctuations in a single business and enhancing the Group's operational resilience and sustainable development capability; (2) It will strengthen the Group's product matrix by introducing categories of electronic specialty gas products used in fields such as high-voltage power facilities, advanced manufacturing, and display panels; (3) It will help integrate the Group's large-scale fine chemical manufacturing experience with the target company's electronic-grade high-purity preparation capabilities, promoting the Group's industrial upgrading toward high-purity electronic chemical materials; (4) Through the complementary customer bases of the Group and the target company, it will expand the Group's customer coverage and create cross-selling opportunities; and (5) Through the target company's production facilities located in southwestern China, it will strengthen the Group's production layout and geographical coverage.