Kangda New Materials (002669.SZ) is planning to acquire 3% ownership of Kangda Xinyu and 10% ownership of Tianyu Industry to enhance control.

Kangda New Materials (002669.SZ) announced that its wholly-owned subsidiary, Shanghai Kangda New Materials Technology Co., Ltd. (referred to as "New Materials Technology"), intends to sign a "Equity Transfer Agreement" with Huang Rangnan to acquire a 3% stake in Fujian Kangda Xinyu New Materials Co., Ltd. (referred to as "Kangda Xinyu"), held by Huang Rangnan, at a price of RMB 2,204,800; and to acquire a 10% stake in Nanping Tianyu Industrial Co., Ltd. (referred to as "Tianyu Industrial"), held by Huang Rangnan, at a price of RMB 10,533,300. The announcement stated that the acquisition of minority shareholders' equity in the holding subsidiaries is beneficial for further integrating internal resources within the adhesive new material sector of the company, enhancing control over Tianyu Industrial and Kangda Xinyu, and improving the overall operational decision-making efficiency of the company. Prior to the acquisition, Tianyu Industrial and Kangda Xinyu operated as the company's holding subsidiaries and their financial statements have been consolidated into the financial statements.