Jiangsu Jiuding Group Co., Ltd. agreed to acquire an additional 3.2% stake in Jiangsu AMER New Material Co., Ltd. (SZSE:002201) from Shenzhen Yiwei New Material Co., Ltd. for CNY 120 million on March 28, 2024. The deal consist of 21 million shares of Jiangsu AMER New Material Co., Ltd. transferred to Jiangsu Jiuding Group Co., Ltd. through auction.