Xinghua New Materials announced that the company signed an “Equity Transfer Agreement” with Dongwang Intelligent Technology Co., Ltd., and the company will use its own or self-funded funds to purchase 70% of Dongwang Technology's shares from Dongwang Technology's original shareholders He Yundong and Zhang Guofa, at a transaction price of 140 million yuan. After the transaction was completed, the company became the controlling shareholder of Dongwang Technology and included it in the scope of the consolidated statement. Dongwang Technology is an enterprise focusing on software and hardware system integration, customized services, artificial intelligence and digitalization. It is a core partner for enterprise digital transformation and intelligent AI upgrading. Its business covers information system integration and intelligent solutions, computing power infrastructure construction and service, and computing power card maintenance and repair. After the transaction is completed, listed companies will achieve strategic transformation, further enter fields related to artificial intelligence and computing power on the basis of their original business, create a second growth curve, accelerate the pace of transformation to new quality productivity, and add new profit growth points, thus further improving the sustainable profitability of listed companies.

Xinghua New Materials announced that the company signed an “Equity Transfer Agreement” with Dongwang Intelligent Technology Co., Ltd., and the company will use its own or self-funded funds to purchase 70% of Dongwang Technology's shares from Dongwang Technology's original shareholders He Yundong and Zhang Guofa, at a transaction price of 140 million yuan. After the transaction was completed, the company became the controlling shareholder of Dongwang Technology and included it in the scope of the consolidated statement. Dongwang Technology is an enterprise focusing on software and hardware system integration, customized services, artificial intelligence and digitalization. It is a core partner for enterprise digital transformation and intelligent AI upgrading. Its business covers information system integration and intelligent solutions, computing power infrastructure construction and service, and computing power card maintenance and repair. After the transaction is completed, listed companies will achieve strategic transformation, further enter fields related to artificial intelligence and computing power on the basis of their original business, create a second growth curve, accelerate the pace of transformation to new quality productivity, and add new profit growth points, thus further improving the sustainable profitability of listed companies.