Jianlong MicroNano: Planning to acquire a stake of no less than 51% in Shanghai Hanxing Energy Technology Co., Ltd.

On the evening of June 24th, Jianlong Micronano announced that the company is planning to acquire no less than 51% of the shares of Shanghai Hanxing Energy Technology Co., Ltd. through the payment of cash for equity transfer. After the completion of this transaction, the company will become the controlling shareholder of the target company. Through strategic integration with the target company, the company aims to establish a complete closed-loop capability from high-performance molecular sieve material research and development, customized process design, system engineering delivery to end customer services, and to promote the transformation and upgrading of the company from a material manufacturer to a technology service provider.