On September 3, Gelonhui announced that recently the company signed a agreement on the equity transfer of Zhejiang Jinhongxin Semiconductor Co., Ltd. (Zhejiang Jinhongxin New Materials Co., Ltd.) with Zhejiang Hongxin Semiconductor Co., Ltd. (Zhejiang Hongxin New Materials Co., Ltd.) and its actual controller Wu Huiming, as well as shareholder Anyang Huizheng Enterprise Management Partnership Enterprise (Limited Partnership). The company plans to acquire 0.080989 million shares of Zhejiang Jinhongxin Semiconductor Co., Ltd. (Zhejiang Jinhongxin New Materials Co., Ltd.) held by Anyang Huizheng, accounting for 0.5556% of the total share capital of the target company, with a total of RMB 10 million.
This transaction is in line with the company's strategic development plan. The by-product of aluminum grain refiners produced by the company, high-purity alpha-phase alumina highly purified from potassium tetrafluoroaluminate, will cooperate with the target company in the business of alumina (Al2O3), supplying high-purity alumina to the target company for the preparation of ceramic materials and related semiconductor components, which is conducive to exerting the synergistic effect between the company and the target company in production technology, upstream and downstream channels, and forming complementary advantages, further enhancing the company's market competitiveness and profitability.
