Core Viewpoint - Hubei Guochuang High-tech Materials Co., Ltd. plans to acquire 100% equity of Ningbo Guopei Petrochemical Co., Ltd. for 225 million yuan to resolve industry competition after a change in control in October 2024 [1][2]. Group 1: Acquisition Details - The acquisition is aimed at eliminating competition in the modified asphalt business between Guochuang High-tech and Ningbo Guopei, which is controlled by the same actual controller [1]. - The transaction has been approved by the board and will require shareholder approval [1]. Group 2: Ningbo Guopei's Business Performance - Ningbo Guopei specializes in asphalt storage, processing, and sales, with a revenue of 306 million yuan and a net profit of 8.94 million yuan in 2024 [2]. - For the first four months of 2025, Ningbo Guopei reported revenue of 118 million yuan and a net profit of 5.18 million yuan [2]. - The company has a profit commitment of at least 72 million yuan over the next three years, with specific annual targets [2]. Group 3: Strategic Benefits of the Acquisition - The acquisition will allow Guochuang High-tech to leverage Ningbo Guopei's location to expand into the East China market, enhancing its market presence [3]. - A joint asphalt technology center will be established to combine R&D strengths and production experience, focusing on high-end asphalt products [3]. - Financially, the integration will increase asset size and profitability, positioning Guochuang High-tech as a national leader in the asphalt industry [3].