Guangzhou Tinci Materials Technology Co., Ltd. (SZSE:002709) agreed to acquire additional 14.94% stake in Jiangxi Aidnano Technology Co., Ltd from Yu Hou’en for CNY 44.8 million on January 11, 2018. In related transaction, Guangzhou Tinci Materials Technology Co., Ltd carry out its capital increase of CNY 40.5 million wherein CNY 32.02 million will go to registered capital and CNY 8.5 million to capital reserve and Jiangxi Aidnano Technology Co., Ltd.’s registered capital will increase from CNY 236.9 million to CNY 268.9 million. Post completion, Guangzhou Tinci Materials Technology Co., Ltd will hold 70% stake in Jiangxi Aidnano Technology Co., Ltd. The transaction has been approved in the 10th Meeting of the Guangzhou Tinci Materials Technology Co., Ltd.’s 4th Directorate held on January 11, 2018 and does not need the shareholders’ approval.