Lizhong Group (300428.SZ) plans to acquire 20% of MQP International's shares

Zhitong Finance App News, Lizhong Group (300428.SZ) announced that the company (“buyer”) plans to acquire 20% of the shares in Katherine Courtney's Testamentary Discretionary Trust (John Courtney and Higgs Trust Ltd., the trustee of Catherine Courtney Discretionary Trust, hereinafter referred to as the “seller”), MQP International Co., Ltd. (original name: Gulf Import Co., Ltd.) (hereinafter referred to as “MQP International” or the “target company”), with a transaction amount of approximately £37,300 (Approximately RMB 21.44,400 yuan).

MQP International focuses on technology research and development, testing and analysis and global sales promotion of aluminum-based functional intermediate alloy products. It has leading grain refiner product technology and rich global customer resources. After completing the acquisition of some of the shares of MQP International's minority shareholders, it will help the company further integrate global industrial resources, enhance management collaboration efficiency, strengthen the core competitive advantage of “international R&D, made in China, and global sales” in the aluminum-based functional intermediate alloy business, continue to consolidate the leading position of this business in the global industry, and lay a solid foundation for the company's global strategic layout.