Tianan New Materials announced that the company plans to acquire 62.5% of Shenzhen Jiawanguang Communications Co., Ltd.'s shares through capital increases and equity transfers, based on an overall valuation of 400 million yuan of 100% of the shares of the target company. The total amount of capital increase and share acquisition amount is 250 million yuan, of which a cash increase of 70 million yuan was obtained to obtain 17.5% of the shares after the capital increase, and 45% of the shares of the original shareholders are tentatively settled at 180 million yuan. After the transaction is completed, Jiawanguang will become a holding subsidiary of the company. The target company promised net profit of 30 million yuan, 40 million yuan, and 50 million yuan respectively from 2027 to 2029, with a cumulative net profit of 120 million yuan over three years. At present, due diligence, audit and evaluation work has begun.

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