According to the Zhitong Finance App, Jiang Huawei (603078.SH) announced that the company plans to use its own capital to acquire 15.50% of the shares of Jiangyin Jianghua Weifuxin Electronic Materials Co., Ltd. (“Jianghua Weifuxin”) from Mr. Yin Fuhua, for a total transaction consideration of 1,5023.84 million yuan. After the transaction is completed, the company's shareholding ratio of Jianghua Weifuxin will increase from 84.50% to 100.00%. Jianghua Weifuxin will become a wholly-owned subsidiary of the company, and the scope of the company's consolidated statements will not change due to this share acquisition.

The acquisition of minority shares in Jianghua Weifuxin aims to improve operational efficiency, strengthen management coordination and internal control, and consolidate the foundation for the company's long-term sustainable development, thereby enhancing market competitiveness and in line with the company's development strategy plan.

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