Wanshun New Materials recently announced that its wholly owned subsidiary, Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd., had completed the acquisition of 100% of the equity interest in Eurofoil Luxembourg S.A. held by Aluminium Investment Company Limited. The transaction amount was EUR 12,388,900, marking Wanshun New Materials' further expansion in the international market. According to the latest audit and valuation results, the market value of Eurofoil Luxembourg's net assets was EUR 32,170,300, representing an appreciation of EUR 11,150,100 over its book net assets, with an appreciation rate of 53.04%. This valuation result provided strong support for the smooth progress of the transaction.

On March 16, Wanshun New Materials issued an announcement stating that its wholly-owned subsidiary, Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd., plans to acquire 100% equity of Eurofoil Luxembourg S.A. from Aluminium Investment Company Limited for €12,388,900 in cash. Upon completion of the transaction, the company will hold 100% equity of Eurofoil Luxembourg, which will be included in the company's consolidated financial statements. According to the valuation, the market value of Eurofoil Luxembourg's net assets is €32,170,300, representing an increase of €11,150,100 over the book net assets, a 53.04% increase.