Zhitong Finance App News, Jiuri New Materials (688199.SH) announced that on November 10, 2026, the company signed an “Investment Agreement” and “Shareholder Agreement” with co-investors Haitai Haihe, Runxin Zhanxin, Jiatie Chunlin, Chunlin Qinzang, Taida Haihe, and Tianjin Ruituo. The company plans to increase the capital of the joint venture Tianjin Guangju Technology Co., Ltd. (Guangju Technology for short) by 799.9 million yuan. After the capital increase is completed, the registered capital of Guangju Technology will be increased from 100,000 yuan to 800 million yuan, of which the company's pledged capital will be increased from 100,000 yuan to 350 million yuan, the company's shareholding in Guangju Technology will be reduced from 100% to 43.75%, and Guangju Technology will change from a wholly-owned subsidiary of the company to a participating company, which will not be included in the scope of the company's consolidated financial statements.
On November 10, 2026, Tianjin Guangyao Technology Co., Ltd. (Guangyao Technology for short), a domestic subsidiary of Guangju Technology, and Ignition Topco B.V. (Topco for short) signed the “Share Purchase Agreement on All Issued and Traded Shares of the Company”. The two parties agreed that after Guangju Technology completed the capital increase, the company and co-investors would use Guangyao Technology's wholly-owned subsidiary (designated buyer) to be established in Hong Kong to acquire IgnitionNew Midco held by Topco for 1 euro B.V. (IGM for short, target company) is 100% owned. After the transaction is completed, the company will indirectly hold 43.75% of IGM's shares, and IGM will not be included in the scope of the company's consolidated financial statements.
IGM is a major manufacturer with the longest history in the photoinitiator industry. Through the acquisition of leading domestic initiator companies Beijing Yingli Technology, the Italian Lamberti photoinitiator business, and the photoinitiator business of global chemical giant BASF, IGM has incorporated the leading photoinitiator business in the global industry into its system, forming the most complete photoinitiator product portfolio and the most complete intellectual property library in the industry, and has a clear leading edge in professional products. Through this transaction, the company can quickly enter the high-end photoinitiator market and quickly achieve the transformation goals of high-end layout and full chain coverage. At the same time, it will lead the technological development of the entire industry in the future and enhance China's technological leadership in related fields.