On September 16, Kangpeng Technology released an announcement stating its intention to transfer its 16.16% stake in Anhui Mituo New Material Technology Co., Ltd., a subsidiary in which it holds shares, to Shandong Ruifeng High-tech Materials Co., Ltd. for 113 million yuan. Furthermore, Kangpeng Technology will relinquish its associated preemptive and subscription rights. Upon completion of the transaction, it is anticipated that Kangpeng Technology will divest entirely from Anhui Mituo. Notably, the transaction price reflects a substantial premium of 330.13% over the book value. Ruifeng High-tech Materials aims to secure at least a 51% equity stake in Anhui Mituo through a combination of cash purchase and capital injection, thereby venturing into the realm of advanced electronic chemical materials, specifically photoresists and semiconductor liquid encapsulation materials. Anhui Mituo, recognized as a high-tech enterprise, specializes in the research, development, and manufacturing of core components for photoresists and essential raw materials for semiconductor liquid encapsulation materials. It boasts numerous patents and a comprehensive business framework spanning from R&D to large-scale production.