Pan-Asia Microfiltration: Intends to acquire 54.089% of Tianyuan Electric's shares to obtain controlling rights and expand its high-end material portfolio.

Pan-Asia Microfiltration announced that the company plans to acquire a 54.089% stake in Tianyuan Electric from Zhang Yuqian and other shareholders of Tianjin Tianyuan Electric Materials Co., Ltd. through a cash payment, obtaining its controlling rights. This transaction does not constitute a related party transaction or a major asset restructuring, and the transaction price has not been determined yet, with the value of 100% of the target company's shares tentatively set at 200-300 million yuan. The purpose of the transaction is to create synergies in product expansion, sales channels, and R&D technology, to fill the upstream PI film production capacity and technological gaps, to connect the entire industry chain from PI substrate to downstream FCCL and aerospace-grade composite films, to achieve synergy in product sales, channels, and technology, and to expand the high-end material matrix. Note: Tianyuan Electric has been deeply involved in the industry for more than ten years, focusing on the research and production of polyimide films. It has successfully developed multiple types of PI films for applications in electrical, electronic, aerospace, and other special fields.