Starshine New Materials (301077.SZ) intends to acquire 70% equity of Dongwang Technology for 140 million yuan.

Intelligent Finance and Economics APP News, Xinghua New Materials (301077.SZ) announced that the company has signed a "Equity Transfer Agreement" with Dongwang Smart Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Dongwang Technology"). The company will use its own funds or raise funds to purchase 70% of the equity of Dongwang Technology from the original shareholders He Yundong and Zhang Guofa, based on the industry valuation of Dongwang Technology and its own operating conditions and future development prospects. After negotiations, the transaction price for this transaction is 140 million yuan. After the completion of the transaction, the company will become the controlling shareholder of Dongwang Technology and include it in the consolidated financial statements.