Follett announced that the company plans to acquire 60% of the shares of Shanghai Fulai Ruicheng New Materials Co., Ltd. held by the related party Jiaxing Yihe Investment Co., Ltd., with a total transaction price of 60.39,900 yuan. After the acquisition is completed, the target company will become a wholly-owned subsidiary of the company. The transaction has been reviewed and approved by the board of directors, has not met the criteria for shareholders' meeting review, and there is no need to submit it for review. In the past 12 months, the company and Yihe Investment had joint investments, capital increases and daily related transactions. The transaction did not constitute a major asset restructuring and had a positive impact on the company's strategy and business level.

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