Jiangsu Nata Opto-electronic Material Co., Ltd. (SZSE:300346) agreed to acquire an additional 4.88% stake in Nata Opto-electronic (Ulanqab) Co., Ltd. from Tianjin Nansheng No. 5 Enterprise Management Partnership (Limited Partnership) for CNY 22.6 million on April 1, 2025. A cash consideration of CNY 22.65 million will be paid by Jiangsu Nata Opto-electronic Material Co., Ltd. As part of consideration, CNY 22.65 million is paid towards common equity of Nata Opto-electronic (Ulanqab) Co., Ltd. Upon completion, Jiangsu Nata Opto-electronic Material Co., Ltd. will own 74.88% stake in Nata Opto-electronic (Ulanqab) Co., Ltd.

For the period ending December 31, 2024, Nata Opto-electronic (Ulanqab) Co., Ltd. reported total revenue of CNY 466.49 million and net income of CNY 87.01 million. As of December 31, 2024, Nata Opto-electronic (Ulanqab) Co., Ltd. reported total assets of CNY 905.32 million and total common equity of CNY 463.8 million.

The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.