SDIC Zhonglu Fruit Juice Co Ltd

SDIC Zhonglu announced that it has received approval from the China Securities Regulatory Commission, consenting to its registration application to issue shares to acquire 100% of the equity in China Electronics Engineering Design Institute Co., Ltd., and to raise supporting funds of no more than 1.726 billion yuan.

SDIC Zhonglu announced that its plan to issue shares to acquire 100% equity of China Electronics Engineering Design Institute Co., Ltd. and raise matching funds has been approved by the Shanghai Stock Exchange's Merger, Acquisition and Restructuring Review Committee. The transaction still requires registration approval from the China Securities Regulatory Commission before implementation, and there remains uncertainty.

SDIC Zhonglu's major asset restructuring will be reviewed by the Shanghai Stock Exchange's M&A and Restructuring Review Committee on August 7. The company plans to purchase 100% of the shares of China Electronics Engineering Design Institute Co., Ltd. from SDIC Group and other transaction counterparties through a share issuance, with a transaction consideration of 6.026 billion yuan, and to raise supporting funds. The Electronics Institute focuses on the electronic information industry, with a net profit attributable to the parent company of approximately 113 million yuan in 2024. This transaction includes performance commitments, with after-tax net profits from 2026 to 2028 not less than 312 million yuan, 348 million yuan, and 375 million yuan, respectively. The transaction constitutes a major asset restructuring and a related-party transaction. Upon completion, SDIC Zhonglu will add electronic information industry-related services to its core business of concentrated fruit and vegetable juices, promoting strategic transformation.

SDIC Zhonglu Fruit Juice announced that its plan to issue shares to purchase assets and raise matching funds has resumed review by the Shanghai Stock Exchange. The company intends to acquire 100 percent of the shares of China Electronics Engineering Design Institute via share issuance, with counterparties including State Development and Investment Group and six other parties, and plans to raise matching funds from up to 35 specific investors. Previously, the review was suspended because the appraisal materials, with a base date of June 30, 2025 and validity through June 30, 2026, had expired. The company has now completed a supplementary appraisal with a base date of November 30, 2025, updated the application documents, and submitted a request to resume the review.