Gongqingcheng Yuweifeng Phosphorus Venture Capital Partnership (Limited Partnership) agreed to acquire 2% stake in GuiZhou Wylton Jinglin Electronic Material Co., Ltd from PNC Process Systems Co., Ltd. (SHSE:603690) for CNY 35 million December 9, 2023. As of June 30, 2023, GuiZhou Wylton Jinglin Electronic Material Co., Ltd's total assets were CNY 428.5643 million, and its net assets were CNY 383.425 million. The transfer price will be delivered at other times.

If the delivery cannot be completed before December 31, 2023, both the company and the transferee may notify the other parties in writing to immediately terminate the transfer agreement. PNC Process Systems Co., Ltd. (SHSE:603690) board of directors approved the transaction. The transaction still needs to be submitted to the shareholders' meeting for review.

The transaction is approved by shareholders of PNC Process Systems Co., Ltd.