Keyuan Holdings Group Co., Ltd. agreed to acquire 7.07% stake in Shanghai NAR Industrial Co., Ltd (SZSE:002825) from You Aiguo for CNY 282.89 million on December 22, 2023. The transfer is CNY 11.69 per share, for a total of CNY 282.89 million. The payment of the transaction price will be made in five tranches. This transaction is approved by the Shanghai NAR Industrial Co., Ltd 5th board of directors during its 8th meeting. This is subject to the Review of Business Operator Concentration and approval by the Anti-monopoly Bureau of the State Administration for Market Regulation. This is subject to approval by the Shenzhen Stock Exchange and requires application of transfer and registration with China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

Keyuan Holdings Group Co., Ltd. cancelled the acquisition of 7.07% stake in Shanghai NAR Industrial Co., Ltd (SZSE:002825) from You Aiguo on December 31, 2023.