Guangzhou Tinci Materials Technology Co., Ltd. (SZSE:002709) agreed to acquire 85% stake in Dongguan Tengwei Electronic Material Technology Co., Ltd. from Shanghai Heyu Investment Management Co., Ltd. and other shareholders for CNY 382.5 million on November 23, 2022.

Guangzhou Tinci Materials Technology Co., Ltd. (SZSE:002709) completed the acquisition of Dongguan Tengwei Electronic Material Technology Co., Ltd. from Shanghai Heyu Investment Management Co., Ltd. and other shareholders on March 15, 2023.