Nanjing Chemical Fiber announced that the company plans to purchase 100% of the shares of Nanjing Process Equipment Manufacturing Co., Ltd. through asset replacement, share issuance and cash payment. According to the evaluation report issued by Jiangsu Huaxin Asset Appraisal Co., Ltd., the assessed value of the total assets and liabilities of Nanjing Chemical Fiber as of the evaluation reference date was 729 million yuan, and the assessed value of Nanjing Technology 100% shares was 1,707 billion yuan. The transaction price was 729 million yuan and 1,707 million yuan, respectively. Counterparties include Nanjing Xingong Investment Group Co., Ltd. and Nanjing Xingong M&A Equity Investment Fund Partnership. Meanwhile, Nanjing Chemical Fiber plans to raise supporting capital from no more than 35 specific investors, including Xingong Group, for a total of no more than 440 million yuan.

Nanjing Chemical Fiber announced that the company plans to purchase 100% of the shares of Nanjing Process Equipment Manufacturing Co., Ltd. through asset replacement, share issuance and cash payment. According to the evaluation report issued by Jiangsu Huaxin Asset Appraisal Co., Ltd., the assessed value of the total assets and liabilities of Nanjing Chemical Fiber as of the evaluation reference date was 729 million yuan, and the assessed value of Nanjing Technology 100% shares was 1,707 billion yuan. The transaction price was 729 million yuan and 1,707 million yuan, respectively. Counterparties include Nanjing Xingong Investment Group Co., Ltd. and Nanjing Xingong M&A Equity Investment Fund Partnership. Meanwhile, Nanjing Chemical Fiber plans to raise supporting capital from no more than 35 specific investors, including Xingong Group, for a total of no more than 440 million yuan.