Jiangsu Nata Opto-electronic Material (300346.SZ) plans to acquire 16.5398% equity of Quanjiao Nanda for 230 million yuan to improve decision-making efficiency.

Jiangsu Nata Opto-electronic Material (300346.SZ) announced that it plans to acquire 16.5398% equity of Quanjiao Jiangsu Nata Opto-electronic Material Co., Ltd. (referred to as Quanjiao Nanda) held by Suzhou Nancheng No.1 Enterprise Management Partnership Enterprise (Limited Partnership) (referred to as Nancheng No.1) in cash at a transaction price of RMB 230 million. After the completion of the transaction, Quanjiao Nanda will change from a subsidiary of the company to a wholly-owned subsidiary. As the main research and production base of phosphine and arsine for the company, the product quality and production capacity of Quanjiao Nanda have reached the international advanced level and have been highly recognized by customers. While expanding the existing product market, Quanjiao Nanda continuously enriches the product matrix and actively develops new generations of safe sources, isotope products, mixed gas products, etc., which are widely used in the fields of chip, memory manufacturing, new energy, and third-generation semiconductors, with broad market prospects. After the completion of the transaction, the company will achieve 100% equity ownership of Quanjiao Nanda, which will help improve decision-making efficiency, better introduce business resources at the group level, strengthen the management and coordination of various business sectors, optimize and strengthen the electronic specialty gas business, and enhance the company's core competitiveness.