Jiangsu Canlon Building Materials (300715.SZ) plans to acquire a 18% stake in Jia Zhi Cai for 172 million yuan to improve management efficiency.

Jiangsu Canlon Building Materials (300715.SZ) plans to acquire a total of 18% equity of Suzhou Jiazhi Cai Optoelectronic Technology Co., Ltd. (referred to as "Jiazhi Cai") held by Suzhou He Cai Enterprise Management Partnership Enterprise (limited partnership) (referred to as "He Cai Management") and Suzhou Yuan Cai Enterprise Management Partnership Enterprise (limited partnership) (referred to as "Yuan Cai Management") in cash, at a transaction price of 172 million yuan. After the completion of the transaction, the company's ownership of Jiazhi Cai will increase from 51% to 69%, and Jiazhi Cai will remain a subsidiary within the company's consolidated financial statements. This will help improve the operational efficiency and employee cohesion of Jiazhi Cai.