The actual controller of Zhejiang Fulai New Material (605488.SH) and its concerted actors intend to transfer 5% of the company's shares to Olympic Circuit Technology through an agreement.

Zhejiang Fulai New Material (605488.SH) announced that the company's actual controller, Xia Houjun, and his concerted party, Jiaxing Jinqu Enterprise Management Partnership (Limited Partnership), intend to transfer 14.9995 million shares they hold, accounting for 5% of the company's total share capital, to Guangdong Olympic Circuit Technology Co., Ltd. (referred to as Olympic Circuit Technology) through a negotiated transfer, with a total transfer price of 367 million yuan. After the transfer, Xia Houjun and his concerted parties will hold a total of 40.79% of the company's shares. This change in equity will not lead to any changes in the controlling shareholder or actual controller of the company. This negotiated transfer will introduce a long-term industrial partner to the company. Both parties will leverage their respective product and technology advantages to promote research and development innovation and commercialization, enhancing their core competitiveness and market influence. The two sides plan to collaborate on the technical development of relevant materials, customer resources, and commercial applications, expanding the industrial layout of downstream application scenarios to achieve complementary advantages and business synergy.