Ningbo Fuda intends to acquire at least a 45% equity stake in Jingxin Materials through a cash transaction. Simultaneously, the company aims to secure at least 51% voting rights, either through voting rights entrustment or transfer, thereby establishing Jingxin Materials as its controlled subsidiary. This strategic move is anticipated to be a significant asset reorganization that will enable Ningbo Fuda to venture into the realm of electronic special materials, particularly dominated by photovoltaic silver powder.
