Core Viewpoint - Anhui Jinchun Nonwoven Fabric Co., Ltd. plans to acquire 51% equity of its subsidiary Anhui Jinsenyuan Material Technology Co., Ltd. for 51.918 million yuan, aiming to enhance its position in the automotive supply chain [1] Group 1: Acquisition Details - The acquisition will make Jinsenyuan a subsidiary of Jinchun and will be included in the consolidated financial statements [1] - Jinsenyuan specializes in the R&D, production, and sales of automotive-grade protective products, providing customized surface protection solutions for automotive manufacturers and suppliers [1] Group 2: Strategic Implications - This acquisition is part of Jinchun's strategy to vertically extend its industrial chain [1] - Prior to the acquisition, Jinchun was already a major supplier to Jinsenyuan, establishing a solid foundation for business integration post-acquisition [1] - The transaction allows Jinchun to quickly enter the automotive supply chain market, extending its operations from nonwoven fabric raw materials to downstream sectors [1]

Core Viewpoint - Jin Chun Co., Ltd. plans to acquire 51% equity of Anhui Jin Sheng Yuan Material Technology Co., Ltd. from its controlling shareholder Jin Rui Group for a cash consideration of 51.918 million yuan, which will allow the company to quickly enter the automotive industry chain market [1] Group 1 - The transaction price for the acquisition is 51.918 million yuan [1] - After the completion of the transaction, Jin Sheng Yuan will be included in the company's consolidated financial statements [1] - Jin Sheng Yuan is primarily engaged in the research, development, production, and sales of automotive-grade protective products [1] Group 2 - The acquisition enables the company to extend its operations from non-woven fabric raw materials further down the industry chain [1]

Core Viewpoint - The company plans to acquire 51.00% of Anhui Jingshengyuan Material Technology Co., Ltd. for a cash consideration of 51.918 million yuan, which will result in Jingshengyuan becoming a subsidiary included in the company's consolidated financial statements [1] Group 1 - The acquisition price for the stake in Jingshengyuan is set at 51.918 million yuan [1] - Following the transaction, Jingshengyuan will be classified as a controlling subsidiary of the company [1] - Jingshengyuan specializes in the research, development, production, and sales of automotive-grade protective products, positioning it within the downstream sector of the company's industry [1] Group 2 - Non-woven fabric materials are one of the main raw materials for Jingshengyuan, and the company is a significant supplier of these materials to Jingshengyuan prior to the acquisition [1] - The company is recognized as one of the larger domestic manufacturers of non-woven materials with superior product performance [1]