Fujian Minfa Aluminium Inc. (SZSE:002578) agreed to acquire remaining 25% stake in Fujian Minfa Intelligent Aluminum Technology Co., Ltd. from Huang Qiushui, Li Youping and Chen Ronghua on April 1, 2024. Post the acquisition, Fujian Minfa Intelligent Aluminum Technology will become a wholly owned subsidiary of Fujian Minfa Aluminium. Fujian Minfa Intelligent Aluminum reported total assets of CNY 46.1 million, net assets of CNY 12.9 million, operating income of CNY 870.9 million and net profit of CNY 2.5 million on December 31, 2023.

The funds required for the acquisition will be Fujian Minfa Aluminium's own funds or self-raised funds. The transaction has been approved by resolution of the second meeting of the sixth board of directors of Fujian Minfa Aluminium.