Sinoma Science & Technology announced that its wholly-owned subsidiary, Sinoma Science & Technology (Suzhou) Co., Ltd., plans to acquire 100% equity of Lianzhong Composites held by China Composites and increase capital and share expansion. China Composites increases the capital of Suzhou Limited by using its holding of Lianzhong Composites' 100% equity. Sinoma Group Co., Ltd. increases the capital of Suzhou Limited by RMB 3.29 million in cash. Suzhou Limited implements stock-based incentive, and core backbone participants increase the capital of Suzhou Limited by RMB 49.9 million by investing in Shanghai Hydrogen Qi Zhongying Enterprise Management Partnership Enterprise. After the completion of this transaction, the company will hold 87.39% equity of Suzhou Limited, China Composites will hold 8.19% equity of Suzhou Limited, employee shareholding platform will hold 4.15% equity of Suzhou Limited, and Sinoma Group will hold 0.27% equity of Suzhou Limited; Lianzhong will become a wholly-owned subsidiary of Suzhou Limited.