Jiangsu Feymer Technology (688350.SH) plans to acquire a 51% stake in Watertech to improve the full industrial water treatment industry chain layout.

Jiangsu Feymer Technology (688350.SH) announced that the company plans to purchase 51% of the equity held by 6 shareholders of Jiaxing Water Tech Environmental Technology Co., Ltd. ("Water Tech") in cash. After the completion of this transaction, Water Tech will become a subsidiary of the company. Water Tech is listed on the National Equities Exchange and Quotations (NEEQ) with the securities code 874641. It is a comprehensive industrial water treatment service provider that integrates the research and development, production, and sales of industrial water treatment chemicals, as well as customized operational management services. It is rooted in the independent research and development of functional water treatment chemicals, with industrial water treatment technology services as its core, providing comprehensive solutions for industries such as display panels, electronic semiconductors, waste-to-energy, chemical industry, petroleum and petrochemical, photovoltaics, automotive, papermaking, and other industries. After the completion of the transaction, the two parties will complement each other well in terms of industry customer structure and specific application scenarios, and achieve resource sharing and synergies in product categories, technological paths, project services, and operational models. This will effectively address the company's shortcomings in high-end water treatment chemicals, overall solutions for specific industries, and managed operational services, further improving the layout of the industrial water treatment industry chain. Leveraging the combined advantages of research and development capabilities and market channels from both sides, the company will continue to grow the volume of its industrial water treatment business, strengthen its technological barriers, expand its industry coverage, promote the quality enhancement and expansion of industrial water treatment business, solidify the foundation for the company's main business development, enhance its core competitiveness, and laying the groundwork for high-quality development.