Shenzhen Newway Photomask Making Co., Ltd (SHSE:688401) agreed to acquire an additional 19.60% stake in Chengdu Newway Optoelectronics Co., Ltd. from Chengdu Advanced Manufacturing Industrial Investment Co., Ltd. for CNY 87.2 million on May 30, 2024. Upon completion, Shenzhen Newway Photomask Making Co., Ltd will own 70.60% stake in Chengdu Newway Optoelectronics Co., Ltd. The transaction is subject to approval of offer by target shareholders. The deal has been approved by the board of Shenzhen Newway Photomask Making.