I. Transaction Overview
Wan Kai New Materials Co., Ltd. (hereinafter referred to as "the Company") convened its third board meeting on April 25, 2026. The 2025 annual general meeting was held on May 19, 2026, where the proposal regarding the acquisition of 100% equity of Zhejiang Yaorui New Materials Co., Ltd. was approved. The Company plans to acquire the equity from Zhejiang Yaorui New Materials Co., Ltd. (hereinafter referred to as "Yaorui") and will express its intentions formally. Specific details can be found in the Company's announcement dated April 28, 2026 (http://www.cninfo.com.cn) regarding the acquisition of 100% equity of Zhejiang Yaorui New Materials Co., Ltd. (Announcement No.: 2026-031).
II. Transaction Progress
(1) Equity Acquisition Status
Recently, Yaorui has completed the necessary procedures for the acquisition and has obtained regulatory approval from the market supervision administration. The acquisition conditions have been met, and the transaction is expected to be finalized, enhancing the Company's capital structure.
(2) Information on Yaorui Post-Acquisition
| Name | Zhejiang Yaorui New Materials Co., Ltd. |
|---|---|
| Unified Social Credit Code | 91330481MAEAY0KB4J |
| Business Type | Limited Liability Company (non-natural person investment) |
| Legal Representative | [blank] |
| Registered Capital | [blank] |
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Established on: February 18, 2025
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Address: 2nd Floor, No. 15, Huaihai Road, Ningbo City, Zhejiang Province