On May 22, Jemeiter made public its intention to acquire a 22.4895% equity share in Shenzhen Diamond Technology Co., Ltd. through a cash payment of 135 million yuan. Concurrently, the company plans to inject an additional 100 million yuan into Diamond's capital, culminating in a total investment of 235 million yuan. Upon completion of these transactions, Jemeiter is set to own a substantial 51.9892% stake in Diamond, thereby transforming it into a controlled subsidiary that will be consolidated into Jemeiter's financial statements. Diamond stands out for its expertise in the research and development of cutting-edge material technologies and mechanical equipment, boasting a portfolio of patented technologies and specialized software systems. Jemeiter's strategic investment is poised to diversify its industrial footprint, foster fresh avenues for performance growth, and bolster its overall competitiveness and profitability in the market.