Zhitong Finance App News, Three Gorges New Materials (600293.SH) announced that in order to meet local economic development requirements in Hubei Province and Yichang City, give full play to geographical advantages, resource advantages, management advantages, operating mechanism advantages and cost advantages, and actively transform high-end glass products in line with the direction of new quality productivity development, the company plans to acquire 40% of its shares in the Three Gorges New Materials Lingang New Materials (Yichang) Co., Ltd. (“Lingang New Materials” for short) from SDIC. Since the SDIC has yet to pay the registered capital, the consideration for this transaction is $0.0,000.

Zhitong Finance App News, Three Gorges New Materials (600293.SH) announced that in order to meet local economic development requirements in Hubei Province and Yichang City, give full play to geographical advantages, resource advantages, management advantages, operating mechanism advantages and cost advantages, and actively transform high-end glass products in line with the direction of new quality productivity development, the company plans to acquire 40% of its shares in the Three Gorges New Materials Lingang New Materials (Yichang) Co., Ltd. (“Lingang New Materials” for short) from SDIC. Since the SDIC has yet to pay the registered capital, the consideration for this transaction is $0.0,000.