Rianlon Corporation (300596.SZ) plans to acquire a minority stake in its subsidiary.

Rianlon Corporation (300596.SZ) announced that in order to further strengthen the management level of its controlling subsidiaries and improve decision-making efficiency, the company plans to acquire 30% equity of Rianlon Corporation Kern (Zhejiang) New Materials Co., Ltd (referred to as "Rianlon Corporation Kern") in cash for a transaction price of 78 million yuan. After the transaction is completed, the company's ownership of Rianlon Corporation Kern will increase from 70% to 100%, and there will be no change in the company's consolidated financial statements. The company also plans to acquire 31.2644% equity of Rianlon Corporation (Inner Mongolia) New Materials Co., Ltd (referred to as "Rianlon Corporation Chifeng") in cash for a consideration of 68.78146 million yuan. After this transaction is completed, the company's ownership of Rianlon Corporation Chifeng will increase from 53.7356% to 85%, and there will be no change in the company's consolidated financial statements.