Guofeng New Materials announced that the company plans to issue shares and pay cash to purchase 58.33% of Jinzhang Technology's shares and raise supporting capital. The Shenzhen Stock Exchange M&A and Reorganization Review Committee reviewed the transaction on October 29, 2026. The review results showed that the transaction met the restructuring conditions and information disclosure requirements. The transaction is subject to registration approval from the China Securities Regulatory Commission before it can be implemented.

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