Guofeng New Materials: Application for Resumption of Review on Issuance of Shares to Purchase Assets and Raise Supporting Funds, and Related Party Transactions

Guofeng New Materials Announcement: The company plans to purchase a total of 46,263,800 shares of Taihu Jinzhan Technology Co., Ltd. held by 10 transaction counterparts, including Shi Kewei, through issuing shares and paying cash. It will also issue shares to no more than 35 qualified specific targets, including Hefei Industrial Investment Holding (Group) Co., Ltd., to raise supporting funds. The company has submitted an application to the Shenzhen Stock Exchange to resume review. This transaction is subject to approval by the Shenzhen Stock Exchange and the approval of registration by the China Securities Regulatory Commission before it can be implemented.

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