Tian'an New Materials plans to acquire a 62.5% equity stake in Shenzhen Jiawang Optical Communication Co., Ltd. through a combination of capital increase and equity transfer. The transaction is priced based on an overall valuation of RMB 400 million for 100% equity of the target company, bringing the total transaction amount to RMB 250 million. Specifically, the company will contribute RMB 70 million in cash to obtain a 17.5% equity stake through the capital increase, and acquire 45% equity from the original shareholders for a provisional consideration of RMB 180 million. Upon completion of the transaction, Jiawang Optical Communication will become a controlling subsidiary of Tian'an New Materials. The target company has committed that its net profit for 2027, 2028, and 2029 will be no less than RMB 30 million, RMB 40 million, and RMB 50 million, respectively, representing a cumulative committed net profit of RMB 120 million over the three-year period. Due diligence, audit, and valuation work are currently underway on site.