Dingsheng New Materials to acquire 50% equity of Liansheng New Materials

Dingsheng New Materials (hereinafter referred to as "the company") announced on the evening of November 10 that it plans to pay 320 million yuan (45,694,050 US dollars) to acquire 50% equity of Inner Mongolia Liansheng New Energy Materials Co.Asian Metal CopyrightDingsheng New Materials hereinafter referred to as "the company" announced on the evening of November 10 that it plans to pay 320 million yuan 45,694,050 US dollars to acquire 50% equity of Inner Mongolia Liansheng New Energy Materials Co.Asian Metal Copyright, Ltd.Asian Metal Copyright Before the transaction, the company holds 50% equity of Liansheng New Materials, and Inner Mongolia Jinlian Aluminum Co.Asian Metal Copyright (hereinafter referred to as "Liansheng New Materials").Asian Metal Copyright holds the remaining 50% equity.Asian Metal Copyright The funds are mainly based on the company's own funds and will be paid in installments.Asian Metal Copyright, Ltd.Asian Metal Copyright Before the transaction, the company holds 50% equity of Liansheng New Materials, and Inner Mongolia Jinlian Aluminum Co.Asian Metal Copyright Before the transaction, the company holds 50% equity of Liansheng New Materials, and Inner Mongolia Jinlian Aluminum Co.Asian Metal Copyright, Ltd.Asian Metal Copyright Its main business is the production and sales of aluminum plate and foil and the main products include light gauge foil blank, medium gauge foil blank, air-conditioner foil blank, etc.Asian Metal Copyright holds the remaining 50% equity.Asian Metal Copyright hereinafter referred to as "Liansheng New Materials".Asian Metal Copyright Upon completion of the transaction, the company will hold 100% equity of Liansheng New Materials.

Based on the announcement, Liansheng New Materials was established in August 2013. Its main business is the production and sales of aluminum plate and foil and the main products include light gauge foil blank, medium gauge foil blank, air-conditioner foil blank, etc.Asian Metal Copyright Liansheng New Materials is one of the important upstream suppliers of the company, which mainly provides semi-finished products of aluminum processing such as cast rolled coil and cold rolled coil.Asian Metal Copyright Liansheng New Materials is one of the important upstream suppliers of the company, which mainly provides semi-finished products of aluminum processing such as cast rolled coil and cold rolled coil.

.Asian Metal Copyright Liansheng New Materials is one of the important upstream suppliers of the company, which mainly provides semi-finished products of aluminum processing such as cast rolled coil and cold rolled coilAsian Metal Copyright