Yangling Metron New Material Inc. (SZSE:300861) signed an agreement to acquire remaining 41% stake in Shaanxi Baomeisheng Precision Wire Co., Ltd. from Shanghai United Assets and Equity Exchange for CNY 28.8 million on November 12, 2020. Yangling Metron paid deposit of CNY 8.6 million. The price of this transaction will be paid with own funds. After the completion of the acquisition, Baomeisheng will become a wholly-owned subsidiary of Yangling Metron. The acquisition has been reviewed and approved at the meeting of Yangling Metron's Board of Directors.