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Ningbo Fubon announced that the company held a board meeting on July 24, 2026 to review and pass the relevant bill. It is proposed to change the company name to Ningbo Fubang High-tech Materials Co., Ltd., change the stock abbreviation to Fubon New Materials, and keep the stock code “600768” unchanged. As the company plans to revise its name and scope of business, the “Articles of Association” will be amended accordingly. The reason for the change is that after acquiring 55% of Ningbo Electric Alloy Co., Ltd.'s shares in December 2024, its business accounted for 70% of revenue, which became the core driving force for performance growth. This change is subject to approval by the shareholders' meeting and market supervisory authorities, and there is uncertainty.
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Ningbo Fubon announced that the company held a board meeting on July 24, 2026 to review and pass the relevant bill. It is proposed to change the company name to Ningbo Fubang High-tech Materials Co., Ltd., change the stock abbreviation to Fubon New Materials, and keep the stock code “600768” unchanged. As the company plans to revise its name and scope of business, the “Articles of Association” will be amended accordingly. The reason for the change is that after acquiring 55% of Ningbo Electric Alloy Co., Ltd.'s shares in December 2024, its business accounted for 70% of revenue, which became the core driving force for performance growth. This change is subject to approval by the shareholders' meeting and market supervisory authorities, and there is uncertainty.
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