Chengdu Galaxy Magnets Co.,Ltd. (300127.SZ) Plans to Acquire 100% Equity of Jingdu Longtai, Stock Trading Suspended

Stock News09-15

Chengdu Galaxy Magnets Co.,Ltd. (300127.SZ) announced that the company is planning to issue shares and pay cash to purchase assets while raising supporting funds. Due to uncertainties surrounding the relevant matters, and in order to protect investors' interests and avoid significant impact on the company's securities trading, the company applied for and received approval to suspend trading of its securities starting from market opening on September 15, 2025, in accordance with the relevant regulations of the Shenzhen Stock Exchange.

The target company for this transaction is Sichuan Jingdu Longtai Technology Co., Ltd. (referred to as "Jingdu Longtai"). The company plans to acquire 100% equity of the target company through a combination of share issuance and cash payment, while raising supporting funds. This transaction will not result in a change of the company's actual controller.

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