New Life announced that the company plans to issue shares with Shengci Technology, Guangzhou Yishang, Huanong Asset, and Jin Chenglai and pay cash to purchase 100% of their shares in Jinnan Magnetic Materials. After the transaction is completed, Jinnan Magnetic Materials will become a subsidiary of the listed company. At the same time, listed companies intend to raise supporting capital by issuing shares to no more than 35 specific investors in total that meet the requirements stipulated by the China Securities Regulatory Commission. The transaction price was 1,054 million yuan. Following friendly negotiations between the parties, the issue price was 33.98 yuan/share, and the number of shares issued in this transaction was 27,916,420 shares. The transaction is expected to constitute a major asset restructuring.

New Life announced that the company plans to issue shares with Shengci Technology, Guangzhou Yishang, Huanong Asset, and Jin Chenglai and pay cash to purchase 100% of their shares in Jinnan Magnetic Materials. After the transaction is completed, Jinnan Magnetic Materials will become a subsidiary of the listed company. At the same time, listed companies intend to raise supporting capital by issuing shares to no more than 35 specific investors in total that meet the requirements stipulated by the China Securities Regulatory Commission. The transaction price was 1,054 million yuan. Following friendly negotiations between the parties, the issue price was 33.98 yuan/share, and the number of shares issued in this transaction was 27,916,420 shares. The transaction is expected to constitute a major asset restructuring.