Liaoning Xinde New Material Technology Co., Ltd. (SZSE:301349) agreed to acquire a 31% stake in Chengdu Yutai New Material Technology Co., Ltd. from Wang Leiyun, Leng Kunyun, Han Li and He Ling for CNY 57.1 million on April 3, 2023. Wang Leiyun will sell 13% stake, Leng Kunyun will sell 14% stake, Han Li will sell 3% stake and He Ling will sell 1% stake. Liaoning Xinde New Material intends to use over-raised funds for the acquisition.

For the period December 31, 2022, Chengdu Yutai New Material had CNY 284.3847 million of total assets, CNY 160.9223 million of operating income and CNY -0.21859 million of net profit.