Yuan Cheng Cable Co.,Ltd. (002692.SZ) has issued a supplementary announcement regarding its stock trading abnormality, stating that the company is currently planning to acquire control of an enterprise (referred to as the "target company") using self-raised funds. The target company is primarily engaged in the research and development, production, and sales of materials in the clean energy sector.

The transaction is still in the planning stage. The equity of the target company is classified as state-owned property, which requires procedures including state-owned asset audit, evaluation, evaluation filing/approval, and public listing and bidding on the property exchange. As of now, the audit and evaluation of the target company have not been completed, and the company has not yet finished its due diligence on the target company.

According to the target company's unaudited financial data, its revenue for 2025 is expected to range between 1.3 billion yuan and 1.5 billion yuan, with net profit ranging between 90 million yuan and 110 million yuan. The unaudited financial data of the target company may differ from subsequently audited figures, and the final results shall be subject to the audited and evaluated financial data as well as the final transaction price.

The company intends to contribute no more than 500 million yuan to participate in this transaction, and the expected equity stake to be acquired in the target company ranges from 30% to 50%. Based on preliminary estimates, this transaction does not constitute a major asset restructuring. There is significant uncertainty regarding the final equity proportion to be acquired in this transaction. The transaction is not expected to have an impact on the company's operating performance for the 2026 fiscal year.