Guangdong Ganhua Science and Industry Co., Ltd. (SZSE:000576) acquired an additional 20% stake in Shenyang Energetic Metal Materials Manufacturing Co., Ltd. for CNY 68.3 million on August 10, 2021. After this agreement comes into effect, Guangdong Ganhua Science and Industry Co., Ltd shall, within 10 working days after fully satisfying the payment prerequisites of this agreement, shall transfer the consideration of the underlying equity transfer of CNY 68.33 million. The payment shall be made by cash transfer to the bank account designated by Longyan Hongwei Amorphous Metal Materials Co., Ltd. in one time. After the completion of the acquisition, Guangdong Ganhua Science and Industry Co., Ltd. will hold a 90% stake in Shenyang Energetic Metal, and Longyan Hongwei Amorphous Metal Materials Co., Ltd. won’t hold more shares in Shenyang Energetic Metal Materials Manufacturing Co., Ltd. Shenyang Energetic Metal Materials Manufacturing Co., Ltd. reported total assets of CNY 134.9 million and net assets of CNY 100.9 million for March 31, 2021. This transaction is within the approval authority of the company’s management and does not need to be submitted to the board of directors and Deliberation at the general meeting of shareholders. Guangdong Ganhua Science and Industry Co., Ltd. (SZSE:000576) completed the acquisition of additional 20% stake in Shenyang Energetic Metal Materials Manufacturing Co., Ltd. on August 10, 2021.