Aike Co., Ltd. announced that the company previously planned to issue shares and pay cash to purchase 100% of Dongguan Silixiang's shares and raise supporting capital from shareholders of Dongguan Sixiang Insulation Material Co., Ltd. The company recently received approval from the China Securities Regulatory Commission, agreeing to issue shares to purchase relevant assets and raise no more than 1.23 billion yuan in supporting capital. The approval is valid for 12 months from the date of issuance.

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