Highbroad Advanced Material (301321.SZ) plans to acquire equity in its associate company Xindongjin, increasing its shareholding to 73.18%.

Highbroad Advanced Material (301321.SZ) announced that, in order to actively advance the company's dual-wheel-driven strategic layout of "display materials + semiconductor materials," strengthen investment in and operation of wet electronic chemicals projects, and advance the company's industrial layout in the electronic materials field, the company recently signed Equity Transfer Agreements with Hanbo Holdings, Beijing Xinjin, Hainan Xinjin and other relevant parties. The company plans to acquire a 10% equity interest in Xindongjin held by Hanbo Holdings for RMB36.2282 million, a 6.8182% equity interest in Xindongjin held by Beijing Xinjin for RMB33 million, and a 10.9091% equity interest in Xindongjin held by Hainan Xinjin for RMB52.8 million. After completion of this transaction, the company's shareholding in Xindongjin will increase from 45.4545% to 73.1818%. Xindongjin will become a controlled subsidiary of the company and will be included in the scope of the company's consolidated financial statements.