Baoding Lucky Innovative Materials Co.,Ltd (SZSE:300446) intends to acquire 22.51% stake in Baoding Lucky Chemical Co.,LTD. from Lucky Film Company,Limited (SHSE:600135) on October 23, 2020. Baoding Lucky Innovative Materials Co.,Ltd (SZSE:300446) agreed to acquire 22.51% stake in Baoding Lucky Chemical Co.,LTD. from Lucky Film Company,Limited (SHSE:600135) for CNY 29.18 million few day ago. The consideration will be paid in cash. The consideration will be paid in seven working days of signing the agreement. As of June 30, 2020, Baoding Lucky Chemical Co. reported total assets of CNY 125.1 million and owner's equity of CNY 110.2 million. For the year ending December 31, 2019, Baoding Lucky Chemical Co.,LTD reported total operating income of CNY 64.3 million and net profit of approximately CNY 9 million. The transaction needs to be reviewed and approved by Baoding Lucky Innovative Materials Co.,Ltd's Board of Directors and general meeting of shareholders. As of November 17, 2020, the transaction has been reviewed and approved by the fifth meeting of Baoding Lucky Innovative Materials Co.,Ltd's fourth board of directors and the agreement is expected to be signed soon. As on December 2, 2020, Lucky Film Company,Limited board approved the deal.

Baoding Lucky Innovative Materials Co.,Ltd (SZSE:300446) completed the acquisition of 22.51% stake in Baoding Lucky Chemical Co.,LTD. from Lucky Film Company,Limited (SHSE:600135) on December 22, 2020