Jilin Mingya New Energy Technology (Group) Co., Ltd. agreed to acquire 8.62% stake in Changchun Xianguangxin Industrial Software Co., Ltd. from Jilin OLED Material Tech Co., Ltd. (SHSE:688378) for CNY 10 million on January 31, 2024. Jilin Mingya shall pay CNY 4 per share as consideration. Changchun Xianguangxin Industrial Software Co., Ltd. reported total assets of CNY 38.02 million, net assets of CNY 31.85 million, operating income of CNY 27.67 million and net profit of CNY 1.71 million for the period ending December 31, 2023.

The transaction was approved by the Board of Directors of Jilin OLED Material Tech Co., Ltd. Completion is subject to approval by shareholders of Changchun Xianguangxin Industrial Software Co., Ltd.