Jiaxian Communication has made a net profit performance commitment of 600 million yuan over three years to Tongyu Communication. If the annual performance does not reach 80%, a share buyback will be triggered.

date
05/08/2026
On the evening of August 4, Tongyu Communications announced that the company intends to use its own funds of 300 million yuan to acquire approximately 25% equity of Shenzhen Jiaxian Communication Technology Co., Ltd. in two phases, corresponding to 18.1527 million shares. According to the agreement, Jiaxian Communication and the relevant committers promise that the net profit attributable to the parent company, excluding non-recurring gains and losses, will not be less than 100 million yuan, 200 million yuan, and 300 million yuan respectively from 2027 to 2029. If the actual net profit in any year is less than 80% of the promised value, Tongyu Communications has the right to request the relevant parties to repurchase all or part of the shares held, with the repurchase price calculated based on the investment cost plus a 6% annualized return, deducting any dividends already received.