Ruifeng High Materials (300243.SZ) plans to acquire at least 51% equity in the electronic grade epoxy resin company Mituo New Materials for 400 million to 500 million yuan.

Zhitong Finance APP reported that Ruifeng Advanced Materials (300243.SZ) announced that it convened the fifteenth meeting of the sixth board of directors on August 14, 2026, during which the proposal on signing the "Investment Cooperation Framework Agreement" was approved. On the same day, the company signed the "Investment Cooperation Framework Agreement" with Anhui Mituo New Materials Technology Co., Ltd. (hereinafter referred to as "Mituo New Materials" or "target company") and Mo Hongbin (the actual controller of Mituo New Materials). The company plans to obtain no less than 51% equity in Mituo New Materials through a combination of cash acquisition and capital increase. Upon completion of this transaction, Mituo New Materials will become a controlling subsidiary of the company. The total consideration for this transaction is initially estimated to be around RMB 400-500 million.