Guofeng New Materials announced that the company plans to issue shares and pay cash, purchase 58.33% of Jinzhang Technology's shares from 10 counterparties including Shi Kewei, and raise supporting capital. On December 31, 2025, the Shenzhen Stock Exchange suspended the review of this transaction because the evaluation data in the application documents had expired and needed to be added. As of the announcement date, the additional evaluation process is progressing in an orderly manner. Previously, the review of the transaction was suspended on September 30, 2025 due to expired financial data, and the review resumed on November 27. The transaction is still subject to review by the Shenzhen Stock Exchange and registration by the Securities Regulatory Commission. The results and timing are uncertain.

Guofeng New Materials announced that the company plans to issue shares and pay cash, purchase 58.33% of Jinzhang Technology's shares from 10 counterparties including Shi Kewei, and raise supporting capital. On December 31, 2025, the Shenzhen Stock Exchange suspended the review of this transaction because the evaluation data in the application documents had expired and needed to be added. As of the announcement date, the additional evaluation process is progressing in an orderly manner. Previously, the review of the transaction was suspended on September 30, 2025 due to expired financial data, and the review resumed on November 27. The transaction is still subject to review by the Shenzhen Stock Exchange and registration by the Securities Regulatory Commission. The results and timing are uncertain.