Beijing Jiangfeng Tongchuang Semiconductor Industry Fund (Limited Partnership) and Yuyao Yaojiang Technology Investment Development Co.,Ltd. agreed to acquire 6% stake in Ningbo Chuangrun New Materials Co., Ltd. from Konfoong Materials International Co., Ltd (SZSE:300666) for CNY30 million on April 26, 2023. The transaction is subject to Konfoong Materials International Co., Ltd (SZSE:300666) directors approval. As of April 26, 2023 Konfoong Materials International Co., Ltd (SZSE:300666) directors approved the transaction.

For the year ending December 31, 2022 the financials are Total Assets are CNY390 million, Revenue of CNY120 million, Net Income CNY21 million and Net Assets to CNY180 million.