[SMM New Energy] Another Lithium Battery Giant Conducts Equity Acquisition
Lithium battery giant R&D Technology announced that it will invest RMB 50 million in Fu'an Guolong Nanomaterials. Specifically, it will acquire all of Guolong Nanomaterials' equity held by Jiaxing Songhe for RMB 10 million (corresponding to RMB 2.7778 million of Guolong Nanomaterials' registered capital), and subscribe for RMB 11.1111 million of registered capital for RMB 40 million, resulting in a post-transaction shareholding of 10.8696%. The announcement disclosed that Guolong Nanomaterials' net assets as of September 30, 2025, were approximately RMB 93.4737 million, and it has been operating at a loss in recent years.