GON TECHNOLOGY (02768) has announced that on October 11, 2026, the company, as the purchaser, entered into an equity acquisition agreement with the seller Lai Minggui and the target company Sichuan Zhongfu Neng New Materials Technology Co., Ltd. The purchaser intends to acquire an 80% equity interest in the target company from the seller at a transaction consideration of RMB 1.504 billion.

Upon completion of the transaction, the purchaser will hold an 80% equity interest in the target company, and the target company will become a controlled subsidiary of the company. The target company is principally engaged in the production and sale of products including sulfur hexafluoride, carbon tetrafluoride, and nitrogen trifluoride.

The board of directors believes that the acquisition will deliver the following principal benefits: (1) it will expand the group's business into the high-purity electronic specialty gas market, which is characterized by high technical barriers and high value-added features, and can form a cyclical complement to the group's current downstream application areas such as home appliances and automobiles, which are more consumer-oriented in nature, thereby effectively hedging against the risk of cyclical fluctuations in a single business and enhancing the group's operational resilience and capacity for sustainable development; (2) it will strengthen the group's product matrix by introducing electronic specialty gas product categories used in fields such as high-voltage power facilities, advanced manufacturing, and display panels; (3) it will help integrate the group's large-scale fine chemical manufacturing experience with the target company's electronic-grade high-purity preparation capabilities, promoting the group's industrial upgrading toward high-purity electronic chemical materials; (4) through the complementary customer bases of the group and the target company, it will expand the group's customer coverage and create cross-selling opportunities; and (5) through the target company's production facilities located in southwestern China, it will strengthen the group's production layout and geographical coverage.