Shanghai Sinyang Semiconductor Materials Co., Ltd. (SZSE:300236) signed an agreement to acquire an additional 32% stake in Core Carving Micromaterial Technology Co., Ltd from Shanghai Chaocheng Materials Technology Co., Ltd for CNY 48 million on August 18, 2021. Post completion, Shanghai Sinyang Semiconductor Materials Co., Ltd. will own 70% stake in Core Carving Micromaterial Technology Co., Ltd. The Board of Directors of Shanghai Sinyang Semiconductor Materials Co., Ltd. has approved the transaction.