Beijing Tianyishangjia New Material Corp., Ltd. (SHSE:688033) agreed to acquire the remaining 10% stake in Jiangsu Xinyiyang High-tech Materials Co., Ltd. for CNY 65 million on January 9, 2024. The consideration consists of CNY 65 million in cash. Beijing Tianyishangjia New Material Corp., Ltd. plans now to use CNY 65 million of its own or self-owned Raised funds to acquire a 10% stake.

Beijing Tianyishangjia New Material Corp., Ltd. board of directors approved the transaction.