North Changlong announced that the company plans to acquire 51% of Henan Zhongsheng Composite Materials Co., Ltd.'s shares through share transfer and capital increase of 102 million yuan in cash. Among them, the consideration for the share transfer transaction was 42 million yuan, and the consideration for the capital increase transaction was 59.786 million yuan. After the transaction is completed, Henan Zhongsheng will become a holding subsidiary of North Changlong. Suo Jinshan, the controlling shareholder of the target company, promised that net profit from 2025 to 2027 would not be less than 10.5 million yuan, 15.5 million yuan, and 20.5 million yuan respectively, with a cumulative total of not less than 46.5 million yuan. The transaction has been reviewed and approved by the board of directors and does not require submission to the shareholders' meeting for consideration.

North Changlong announced that the company plans to acquire 51% of Henan Zhongsheng Composite Materials Co., Ltd.'s shares through share transfer and capital increase of 102 million yuan in cash. Among them, the consideration for the share transfer transaction was 42 million yuan, and the consideration for the capital increase transaction was 59.786 million yuan. After the transaction is completed, Henan Zhongsheng will become a holding subsidiary of North Changlong. Suo Jinshan, the controlling shareholder of the target company, promised that net profit from 2025 to 2027 would not be less than 10.5 million yuan, 15.5 million yuan, and 20.5 million yuan respectively, with a cumulative total of not less than 46.5 million yuan. The transaction has been reviewed and approved by the board of directors and is not required to be submitted to the shareholders' meeting.