Subsidiary of Luoyang Jianlon Micro-Nano New Material Co., Ltd (688357.SH) plans to acquire 40% equity of Hanxing Energy for 200 million yuan.

Luoyang Jianlon Micro-Nano New Material Co., Ltd (688357.SH) announced that, according to its own development strategy and business needs, its wholly-owned subsidiary Shanghai Luoyang Jianlon Micro-Nano New Material Co., Ltd. (referred to as "Shanghai Jianlong") plans to acquire 40% equity of Shanghai Hanxing Energy Technology Co., Ltd. (referred to as "Hanxing Energy") for a transaction amount of 200 million yuan. This transaction is an important business layout made by the company based on its own development strategy. Through this transaction, the company and the target company will achieve good synergies, promoting the company's strategic transition from a material manufacturer to a comprehensive technology service provider.