New Life announced that the company is planning to issue shares and pay cash to purchase assets and raise supporting capital and related transactions, which is expected to constitute a major asset restructuring. The subject of the transaction was 100% equity interest in Guangzhou Jinnan Magnetic Materials Co., Ltd., and counterparties included Shengci Technology Investment Partnership in Ningbo Meishan Bonded Port Area. The company has signed an agreement of intent with the main counterparty and initially reached an intention to purchase assets. Trading of the company's securities has been suspended since the opening of the market on April 14, 2025, and it is expected that the transaction plan will be disclosed within no more than 10 trading days.

New Life announced that the company is planning to issue shares and pay cash to purchase assets and raise supporting capital and related transactions, which is expected to constitute a major asset restructuring. The subject of the transaction was 100% equity interest in Guangzhou Jinnan Magnetic Materials Co., Ltd., and counterparties included Shengci Technology Investment Partnership in Ningbo Meishan Bonded Port Area. The company has signed an agreement of intent with the main counterparty and initially reached an intention to purchase assets. Trading of the company's securities has been suspended since the opening of the market on April 14, 2025, and it is expected that the transaction plan will be disclosed within no more than 10 trading days.