Tangshan Sunfar Silicon Industries Co.,Ltd. (SHSE:603938) agreed to acquire an additional 6.81% stake in Tangshan Sunfar New Material Co., Ltd. from Liu Qin for CNY 3.2 million on March 21, 2024. Tangshan Sunfar Silicon Industries Co.,Ltd will use it's own funds for this acquisition. The deal has been approved by board of directors of Tangshan Sunfar Silicon Industries Co.,Ltd. As of September 30, 2023, Tangshan Sunfar New Material Co., Ltd reported total assets of approximately CNY 980 million, and total common equity of approximately CNY 130 million.