Kangda New Materials announced that Beijing Kangda Shengjing Integrated Circuit Co., Ltd., a wholly-owned subsidiary, plans to transfer 39% of the shares of Chengdu Bicong Technology Co., Ltd. to Tangshan Industrial Holding Group Low Altitude Economic Development Co., Ltd. for RMB 139 million, constituting a related transaction. After the transaction is completed, Shengjing Integrated Circuit will hold 10% of Bikong Technology's shares. The transaction has been reviewed and approved by the board of directors and does not need to be submitted to the company's shareholders' meeting for

Kangda New Materials announced that Beijing Kangda Shengjing Integrated Circuit Co., Ltd., a wholly-owned subsidiary, plans to transfer 39% of the shares of Chengdu Bicong Technology Co., Ltd. to Tangshan Industrial Holding Group Low Altitude Economic Development Co., Ltd. for RMB 139 million, constituting a related transaction. After the transaction is completed, Shengjing Integrated Circuit will hold 10% of Bikong Technology's shares. The transaction has been reviewed and approved by the board of directors and does not need to be submitted to the company's shareholders' meeting for