Zhenhua Tech: Wholly-owned subsidiary Zhenhua Xinyun merges with Zhenhua Hongyun

Zhenhua Tech announced that the company will hold a board meeting on October 23, 2025, to review and approve the proposal for the absorption merger of its wholly-owned subsidiary Zhenhua Xinyun with Zhenhua Hongyun. This absorption merger aims to optimize the corporate structure, improve the industrial structure, streamline the company's governance levels, reduce management costs, and enhance operational efficiency. Zhenhua Xinyun is a wholly-owned subsidiary of Zhenhua Tech, primarily engaged in the development, production, sales, and commissioned processing of electronic components and related electronic products. Zhenhua Hongyun is a wholly-owned subsidiary of Zhenhua Xinyun, focusing on the processing, production, sales, and services of piezoelectric ceramic electronic components. Upon completion of the merger, Zhenhua Hongyun will cancel its independent legal status, and its assets, debts, and business will be inherited by Zhenhua Xinyun. This merger does not constitute a related party transaction and does not involve a significant asset restructuring, thus it does not require submission for shareholder meeting review