Jiangsu Cnano Technology Co., Ltd. (SHSE:688116) agreed to acquire 15% stake in Sichuan Cnano Jincheng Materials Technology Co., Ltd. from GuoCheng Mining CO.,LTD (SZSE:000688) for CNY 0 on April 19, 2023. The transfer price is CNY 0 because the capital is unpaid, and Jiangsu Cnano Technology Co., Ltd. will undertake the investment obligations of CNY 15 million. Sichuan Cnano Jincheng Materials Technology reported total assets of CNY 85 million and net assets of 84.97 million on March 31, 2023.

GuoCheng Mining CO.,LTD board of directors approved the transaction and does not need the Shareholders' Approval.