Shenzhen Capchem Technology Co., Ltd. (SZSE:300037) entered into an agreement to acquire an additional 19.3% stake in Hunan Bofu New Material Technology Co., Ltd. from Hengyang Ailifu New Energy Partnership for CNY 48.3 million on July 31, 2021. Shenzhen Capchem Technology Co., Ltd. shall pay 50% of the consideration within 15 working days from the effective date of agreement while remaining 50% payable within 15 working days of completion. The transaction will be funded through own funds of CNY 4.825 million. After the completion of this transaction, Shenzhen Capchem Technology Co., Ltd. will hold 90.60% equity of Hunan Bofu New Material Technology Co., Ltd. As of June 30, 2021, Hunan Bofu New Material Technology Co., Ltd. has reported total assets of CNY 169.84 million and net assets of CNY 145.98 million. The Board of Director of Shenzhen Capchem Technology Co., Ltd. has approved the transaction.