Kodak Manufacturing: Intends to acquire a 51.55% stake in Tophoto International for 7.475 billion yuan.

Kodak Manufacturing has released the draft restructuring report, with the company planning to purchase 51.55% equity of Guangdong Tefu International Holdings Limited at a transaction price of 7.475 billion yuan through the issuance of shares and payment of cash. At the same time, shares will be issued to raise supporting funds from up to 35 specific investors, with a total amount not exceeding 3 billion yuan. This transaction constitutes a major asset restructuring and related party transaction. The target company is a subsidiary controlled by the listed company and is the main operating entity of the listed company's overseas building materials business sector. After this transaction is completed, the target company will be transformed from a subsidiary controlled by the listed company to a wholly-owned subsidiary.