GLOBAL NEW MAT (06616) plans to acquire approximately 69.02 million yuan to acquire about 2.57% equity of Seven Color Pearl, increasing its stake to approximately 99.76%.

GLOBAL NEW MAT (06616) announced that on November 28, 2025, the company entered into a "Seven-Color Pearl Light Minority Equity Acquisition Agreement", intending to acquire a minority equity stake in Seven-Color Zhumanguang (3.8413 million shares of Seven-Color Zhumanguang shares, representing approximately 2.57% of the equity of Seven-Color Zhumanguang) for a consideration of RMB 69.0214 million. The company may pay in the form of issuing consideration shares at the issue price based on specific authorization. Seven-Color Zhumanguang is mainly engaged in the production and sale of pearl pigment and mica functional fillers. Currently, it is a non-wholly-owned subsidiary of the company, with the group holding about 97.19% of the equity. The remaining approximately 2.81% equity of Seven-Color Zhumanguang (equivalent to 4.224 million shares of Seven-Color Zhumanguang shares) is held by 17 independent third-party shareholders in China. After the company's listing on the Stock Exchange, Seven-Color Zhumanguang's business has continued to grow and has become one of the core business units of the group. The group has also completed (a) the acquisition of Merck KGaA's Global Solutions business in July 2025; (b) capital increases in December 2023 and May 2025 for Seven-Color Luzhai to establish an industrial park in Tonglu County, Zhejiang Province, China; and (c) the acquisition of 50.75% of the issued shares of CQV Co., Ltd. (a company listed on the Korean Securities Dealers Automated Quotation System (KOSDAQ)) in August 2023 and October 2025. The directors intend to increase their equity holdings in Seven-Color Zhumanguang with the aim of increasing their investment returns by consolidating more profits or a higher proportion of profits into the group's financial performance. Hongzun Investment previously acquired a total of 3.8413 million shares from four shareholders of Seven-Color Zhumanguang, representing approximately 2.57% of Seven-Color Zhumanguang's equity, for a total consideration of RMB 69.02 million. Hongzun Investment subsequently transferred all relevant equity to Hongzun International at the original price of RMB 69.02 million. As of the date of this announcement, Seven-Color Zhumanguang is held by the group with 145 million shares (equivalent to approximately 97.19% of Seven-Color Zhumanguang's equity), by Hongzun International with 3.8413 million shares (equivalent to approximately 2.57% of Seven-Color Zhumanguang's equity), and by 12 individual shareholders with 38.3 thousand shares (equivalent to approximately 0.24% of Seven-Color Zhumanguang's equity). After completion, Seven-Color Zhumanguang will be held by the group with 149 million shares (equivalent to approximately 99.76% of Seven-Color Zhumanguang's equity) and by independent third parties with 38.3 thousand shares (equivalent to approximately 0.24% of Seven-Color Zhumanguang's equity). Seven-Color Zhumanguang will continue to operate as a non-wholly-owned subsidiary of the company and as a Sino-foreign joint venture established in China.