According to the Zhitong Finance App, Follett (601865.SH) announced that the company plans to acquire 60% of the shares of Shanghai Fulai Ruicheng New Materials Co., Ltd. (“Fulai Ruicheng”) 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, Fulai Ruicheng will become a wholly-owned subsidiary of the company.

At the strategic level, the acquisition of Fulai Ruicheng will give the company complete strategic autonomy, independently determine the R&D direction, market strategy and resource allocation of Fulai Ruicheng, so that it fully serves the overall strategy of the group. At the same time, limited collaboration under shareholding will be upgraded to business integration, and Fulai Ruicheng's R&D and sales processes can be fully integrated into the company's existing business system to achieve a seamless connection between research and development of new materials to mass production. At the business level, Fulai Ruicheng focuses on new material technology research and development, technical glass products, functional glass and new optical materials sales. The direction and pace of research and development can be directly controlled by the company to ensure that technological achievements prioritize the upgrading of its own products.

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