Crystal Clear Electronic Material (300655.SZ) plans to increase its shareholding in Hubei Jingrui by 76.0951%, with its main business being high-purity chemical products.

Crystal Clear Electronic Material (300655.SZ) disclosed a plan for issuing shares to purchase assets and related transactions. The company intends to purchase 76.0951% of the equity held by Hubei Jingrui from Qianjiang Fund, Dajijin II, Guoxin Yihet and Xiamen Minxinan by issuing shares. Before the transaction, Hubei Jingrui was a controlling subsidiary of the listed company; after the transaction, Hubei Jingrui will become a wholly-owned subsidiary of the listed company. The issue price for the purchase of assets through the issuance of shares is 7.39 yuan per share. The transaction price for the target assets of this restructuring has not been determined. The announcement shows that Hubei Jingrui is a company primarily engaged in the research, production and sales of high-purity chemicals. Its main products are high-purity hydrogen peroxide, high-purity ammonia water, high-purity nitric acid, high-purity hydrochloric acid, and other high-purity chemicals, mainly used in the semiconductor industry.