Xinke Materials announced that the company plans to use its own and self-funded funds to acquire 10% of Chongzuogong's minority shares in Xinke Copper, a holding subsidiary of Guangxi Tongzheng, respectively, for a total of 20%. The company authorized management to participate in the public listing transaction acquisition at a price not exceeding the assessed value of Xinke Copper. After the transaction is completed, the company's shareholding ratio of Xinke Copper will increase from 80% to 100%, and Xinke Copper will become a wholly-owned subsidiary. The transaction has been reviewed and approved by the board of directors. There is no need to submit it to the shareholders' meeting for review, and the counterparty is still required to complete procedures relating to the disposal of state-owned assets when selling shares.

Xinke Materials announced that the company plans to use its own and self-funded funds to acquire 10% of Chongzuogong's minority shares in Xinke Copper, a holding subsidiary of Guangxi Tongzheng, respectively, for a total of 20%. The company authorized management to participate in the public listing transaction acquisition at a price not exceeding the assessed value of Xinke Copper. After the transaction is completed, the company's shareholding ratio of Xinke Copper will increase from 80% to 100%, and Xinke Copper will become a wholly-owned subsidiary. The transaction has been reviewed and approved by the board of directors. There is no need to submit it to the shareholders' meeting for review, and the counterparty is still required to complete procedures relating to the disposal of state-owned assets when selling shares.