Wansheng Co., Ltd. announced that the company plans to use its own capital or self-raised capital for a total of 285 million yuan to acquire 44.16% of the shares of Broadbank New Materials and 100% of Futech's shares. After the transaction was completed, the company directly held 100% of Fotac's shares, and directly and indirectly held 70% of BOBC's shares in total to achieve control over BOXING New Materials. The transaction was reviewed and approved by the 12th meeting of the 6th board of directors of the company. There is no need to submit it to the company's shareholders' meeting for review, and procedures such as share settlement are still required.

Wansheng Co., Ltd. announced that the company plans to use its own capital or self-raised capital for a total of 285 million yuan to acquire 44.16% of the shares of Broadbank New Materials and 100% of Futech's shares. After the transaction was completed, the company directly held 100% of Fotac's shares, and directly and indirectly held 70% of BOBC's shares in total to achieve control over BOXING New Materials. The transaction was reviewed and approved by the 12th meeting of the 6th board of directors of the company. There is no need to submit it to the company's shareholders' meeting for review, and procedures such as share settlement are still required.