According to the Zhitong Finance App, Weitou (301319.SZ) announced that the company (“Party A”) and New Asia Process (Zhejiang) Co., Ltd. (hereinafter referred to as “New Asia Process” or “Party B”) signed an “Investment Intent Agreement” in Shenzhen on November 9, 2026. According to the agreement, Xinya Manufacturing plans to integrate its main electronic adhesives and other related businesses, assets and personnel into Shenzhen Xinya New Materials Co., Ltd. (hereinafter referred to as the “Target Company” or “New New Materials”) and its subsidiaries; the company plans to acquire no less than 51% of the shares of the target company in cash.

The company has been deeply involved in the field of electronic assembly materials for many years. Its main products include solder paste, flux, cleaning agents, diluents, and electronic adhesives. The company continues to implement the “multi-product matrix” strategy, and continuing to expand its business scale in the electronic adhesive industry is only a long-term strategic plan.

This transaction is a further extension and strengthening of the company's existing business. The company will effectively integrate customer resources, give full play to product synergy, consolidate and enhance the company's comprehensive competitiveness in the field of electronic assembly materials, and help the company achieve long-term steady development.

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