Zibo Xingheng Tusong Holdings Co., Ltd) signed a Share Transfer Agreement agreeing to acquire 11.5% stake in Jiangyin Jianghua Microelectronics Materials Co., Ltd from Yin Fuhua, Ji Wenqing, and Zhenjiang Jiehua Investment Co., Ltd. for approximately CNY 670 million.

Zibo Xingheng Tusong Holdings Co., Ltd) signed a Share Transfer Agreement agreeing to acquire 11.5% stake in Jiangyin Jianghua Microelectronics Materials Co., Ltd (SHSE:603078) from Yin Fuhua, Ji Wenqing, and Zhenjiang Jiehua Investment Co., Ltd. for approximately CNY 670 million on November 18, 2021. Under terms of transaction, Zibo Xingheng will acquire 22,448,620 shares at CNY 29.88 per share. Yin Fuhua will transfer 12,650,008 shares, 6.455% stake, Ji Wenqing will transfer 3,919,445 shares, 2% stake, and Zhenjiang Jiehua Investment Co., Ltd. will transfer 5,879,167 shares, 3% stake.