Nanjing Longsaisi New Materials Partnership Enterprise (Limited Partnership) signed Share Transfer Agreement to acquire 25.3% stake in Nanjing Jufeng New Materials Co., Ltd. from Nanjing Julong Science & Technology Co.,LTD (SZSE:300644) for CNY 6.5 million on March 28, 2024. Nanjing Julong Science & Technology's holdings will drop from 76.29% to 50.99% in Nanjing Jufeng New Materials after the transaction. The transaction has been approved by board of Nanjing Julong Science & Technology.

Nanjing Jufeng New Materials reported total assets of CNY 114,632,811.90 and net assets of CNY 12,485,686.09 as at November 30, 2023.