Duofuduo Company has officially announced its intention to acquire a 54% equity stake in Henan Yifeng Electronic New Material Co., Ltd. from Duofuduo Group for a total consideration of RMB 28.458 million. Upon the successful completion of this transaction, Duofuduo Company will become the majority shareholder, holding 54% of Yifeng Electronics, and will include its financial statements within its consolidated financial reporting scope.
