Yingkou Fengguang Advanced Materials announced that the consideration for acquiring a 90% stake in Anhui Ruihua New Material has been adjusted from 81 million yuan to 52.655544 million yuan, and the three-year performance commitment and performance compensation clauses in the original agreement have been cancelled. The pricing basis has been changed from an asset appraisal value of 91 million yuan to Ruihua's net assets of 58.50616 million yuan as of March 31, 2026. The announcement said the change was due to personal reasons of a Ruihua shareholder, while the acquisition ratio and counterparties remain unchanged. Ruihua is the first domestic company to achieve third-generation high-temperature continuous tubular production of stearate salts, with total capacity of about 80,000 tonnes. As of March 31, 2026, its total assets were 315 million yuan and net assets were 58.5062 million yuan. In the first quarter of 2026, revenue was 86.7585 million yuan and net profit was 9.1255 million yuan. The new agreement has been signed, and Ruihua will become a controlling subsidiary of Fengguang Advanced Materials.
Yingkou Fengguang Advanced Material Co.Ltd.Purchase price for 90% stake reduced from 81M to 52.66M yuan, and performance commitments cancelled, reflecting lower valuation and reduced future compensation.
