Xin Fengming (603225.SH) intends to acquire 100% equity of Smiler, a subsidiary of its controlling shareholder, for 102 million yuan.

Zhijiang Financial News App News, XinFengming (603225.SH) announced that the company plans to acquire 100% equity of Zhejiang Saimile New Material Technology Co., Ltd. ("Saimile") from its controlling shareholder XinFengming Holdings Group Limited ("XinFengming Holdings") for a transaction price of approximately 102 million yuan.