Zhongji Innolight and Jones Tech both announced after market close on September 30 that Zhongji Innolight had agreed to acquire a combined 31.3725 million shares held by Jones Tech's controlling shareholders Wu Xiaoning, Ye Lu, and Hanwu, representing 10.47% of Jones Tech's total share capital, for a total transfer price of 1.747 billion yuan, with registration completed on September 29, 2026. Following the transfer, Zhongji Innolight became a shareholder holding more than 5% of Jones Tech, while Jones Tech's controlling shareholder and actual controller remained unchanged. Jones Tech is mainly engaged in the research, development, production, and sales of high-performance thermal conductive materials and EMI shielding materials, with products widely used in digital infrastructure segments such as 5G communications and next-generation advanced communications, data centers, and computing power centers. In the first half of 2026, Jones Tech reported revenue of 828 million yuan, up 10.66% year on year, net profit attributable to the parent of 138 million yuan, up 13.59%, and non-GAAP net profit growth of 19.96%. On September 30, Zhongji Innolight's A-shares fell 0.56% to 808.44 yuan per share, extending losses to five consecutive trading days, with a latest market value of 958.8 billion yuan; Jones Tech rose 0.67% to 108.1 yuan per share, with a latest market value of 32.3 billion yuan and a cumulative gain of more than 122% so far this year.
Jones Tech PLC Class AZhongji Innolight completed registration of a 1.747 billion yuan transfer acquiring a 10.47% stake in Jones Tech, a significant equity investment in the company.
Shandong Zhongji Electrical Equipment Co Ltd