Chengdu Guibao Science & Technology Co.,Ltd. (SZSE:300019) entered into Framework agreement to acquire 83.24% stake in Jiangsu Jaour Hot Melt Adhesive Co., Ltd. from Taicang Jaour Industrial Co., Ltd. and Shi Yunni on February 20, 2024. As of June 11, 2024 Chengdu Guibao Science & Technology Co.,Ltd and counterparties signed Equity Acquisition Agreement whereby Chengdu Guibao Science & Technology will acquire 31.3345% stake in Jiangsu Jaour Hot Melt Adhesive and 100% stake in Taicang Jaour Industrial Co., Ltd, and ending up owning 92.2% stake via direct/indirect stake acquisition from Shi Yunni and Hou Sijing for CNY 446.4 million. In related transaction Chengdu Guibao Science & Technology will acquire the remaining stake through different agreements.

Transaction has already been approved by Chengdu Guibao Science & Technology's Board of director's.