Sanfu New Science (688359): Acquisition of minority shareholders and affiliated transactions for the acquisition of the holding subsidiaries

The important content of the announcement of Sanfu New Science (688359) announced that Guangzhou Sanfu New Materials Technology Co., Ltd. intends to use its own funds of 115.8 million yuan to purchase a holding subsidiary Guangzhou Haoyue New Material Technology Co., Ltd., a minority shareholder of Xiamen Xianxin Enterprise Management Partnership (Limited partnership) 30%equity of Haoyue New Sciences held, this transaction does not constitute a major asset reorganization situation stipulated in the "Administrative Measures for the Reorganization of major assets of listed companies".There is no major legal barrier in the implementation of the transaction. The transaction was reviewed and approved by the 34th meeting of the third board of directors of the company on June 29, 2022. Independent directors expressed the independent opinions of the above -mentioned matters and clear consent of the above matters.The transaction needs to be reviewed by the shareholders' meeting.

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