Chengdu Guibao Science & Technology Co.,Ltd. (SZSE:300019) entered into Equity Acquisition Agreement to acquire 6.76% stake in Jiangsu Jaour Hot Melt Adhesive Co., Ltd. from Rugao Jiabo Investment Center Partnership (Limited Partnership) and Rugao Jiasheng Investment Center Partnership (Limited Partnership) for CNY 32.5 million on June 11, 2024. A cash consideration of CNY 32.46 million will be paid by Chengdu Guibao Science & Technology Co.,Ltd. As part of consideration, CNY 32.46 million is paid towards common equity of Jiangsu Jaour Hot Melt Adhesive Co., Ltd. In related transaction Chengdu Guibao Science & Technology Co.,Ltd. plans to acquire 93.2% stake in Jiangsu Jaour Hot Melt Adhesive Co., Ltd via separate agreements. Transaction has already been approved by Chengdu Guibao Science & Technology's Board of director's.