Shenghong Technology: wholly-owned subsidiary completes the acquisition of 100% equity of overseas company.

Sheng Hong Technology announced that on January 23, 2026, the company plans to acquire 100% equity of SPMY, a subsidiary of TCL Energy Holding indirectly through its Singapore wholly-owned subsidiary MFSS, with a total purchase price not exceeding 51 million US dollars. On February 13, MFSS paid the entire transaction price as agreed, with funds coming from existing funds, bank loans, etc., and completed all delivery work with the seller. The Company now holds 100% equity in the target company through MFSS and will restructure and integrate the target company in the future to establish it as a production base for FPC/PCB in Malaysia.