Beijing Oriental Yuhong Waterproof Technology's Brazilian subsidiary plans to acquire 60% of Novakem's shares for approximately 108 million Brazilian reais.

Beijing Oriental Yuhong Waterproof Technology (002271.SZ) announced that its wholly-owned subsidiary, Beijing Oriental Yuhong Waterproof Technology Brazil Limited Company (referred to as "Beijing Oriental Yuhong Waterproof Technology Brazil" or the "Buyer"), signed a share purchase agreement and other contracts with sellers Humberto, Otto, Hamber, Luiz, and Walter on November 19, 2025 Beijing time. Beijing Oriental Yuhong Waterproof Technology Brazil plans to use its own funds to invest a total of approximately 108 million Brazilian reais to acquire 60% equity of Novakem Indstria Qumica Ltda. (referred to as "Novakem"). After the transaction is completed, Beijing Oriental Yuhong Waterproof Technology Brazil will hold 60% equity of Novakem. The announcement stated that Novakem, as a leading supplier of cement additives and concrete admixtures in Brazil, has established a good brand influence in the field of chemical additives in Brazil with its leading technology and excellent quality products, winning the trust of upstream suppliers and downstream customers. Meanwhile, Novakem has an experienced and outstanding management team, providing strong support for its stable operation and sustainable development. The announcement mentioned that the purpose of this transaction is to focus on the core positioning of the company as a provider of building material systems services and to realize the vision of "becoming the most valuable enterprise in the global building material industry". By fully leveraging the comprehensive advantages of Novakem in the field of admixture products, the company aims to help establish a foothold in Brazil, expand into the Latin American market, improve its overseas business layout, and promote the development of overseas business. At the same time, with the huge construction market, rich mineral resources, geographical advantages, and economic growth prospects in Brazil, the company aims to further build and deepen its industry moat on the basis of its existing business, create new profit growth points, and meet the strategic development plan of the company as well as the market demand brought about by the continuous expansion of product application areas.