Lianlong (300596.SZ) plans to acquire minority shares in holding subsidiary

According to the Zhitong Finance App, Lianlong (300596.SZ) announced that in order to further strengthen the management level of holding subsidiaries and improve decision-making efficiency, the company plans to acquire 30% of the shares of Lianlong Kerun (Zhejiang) New Materials Co., Ltd. (“Lianlong Kerun”) in cash, with a transaction consideration of 78 million yuan. After the transaction was completed, the company's shareholding ratio in Anlong Kerun increased from 70% to 100%, and there was no change in the scope of the company's consolidated statements.

The company plans to acquire 31.2644% of the shares of Lianlong (Inner Mongolia) New Materials Co., Ltd. (“Lianlong Chifeng”) in cash, with a consideration of 687.881.46 million yuan. After the transaction was completed, the company's shareholding ratio in Anlong Chifeng increased from 53.7356% to 85%, and there was no change in the scope of the company's consolidated statements.