NBTM New Materials acquisition application accepted by Shanghai Stock Exchange

NBTM New Materials Group Co., Ltd. announced its application for issuing shares and paying cash to acquire assets, along with raising supporting funds, has been accepted by the Shanghai Stock Exchange (SSE). The SSE issued the "Notice of Acceptance of Application for Issuance of Shares to Acquire Assets and Raise Supporting Funds on the Main Board of the Shanghai Stock Exchange by NBTM New Materials Group Co., Ltd." on September 1, 2025.

The proposed transaction involves NBTM New Materials acquiring a total of 34.75% equity in Shanghai Fuchi High-Tech Co., Ltd. ("Shanghai Fuchi") from five transaction counterparties: Zhong Wei, Shanghai Chuangjing Investment Consulting Partnership (Limited Partnership), Ningbo Huaguan Enterprise Management Partnership (Limited Partnership), Ningbo Fujing Enterprise Management Partnership (Limited Partnership), and Shenzhen Yuanzhi Xinghuo Private Equity Investment Fund Partnership (Limited Partnership).

The SSE confirmed the application documents are complete and conform to legal requirements, thus deciding to accept and review the application. The company emphasizes the transaction remains subject to further review by the SSE and registration approval from the China Securities Regulatory Commission, and the final outcome and timing are uncertain.