On January 16, Gelonghui (301161.SZ) announced that the company plans to purchase 51% of its shares in Shanghai Jiano from 10 counterparties, including Lei Yuanfang and Lei Bo, by paying cash. The total price of 51% of Shanghai Jiano's shares in this transaction was 21.67 million yuan.

Shanghai Jiano is an enterprise integrating R&D, manufacturing, sales, technical service and testing of sealing products. Since its establishment, it has long been committed to providing system sealing design solutions and high-quality products for industrial users, and is widely used in oil and gas equipment, construction machinery, and other industrial equipment. In terms of sealing materials, Shanghai Jiano has mastered the production process of rubber seals, mainly nitrile rubber, hydrogenated nitrile rubber, EPDM rubber, fluorine rubber, etc., and engineering plastic sealing materials and seals, mainly polytetrafluoroethylene, polyether ether ketone, and ultra-high molecular polyethylene.

By acquiring a controlling interest in Shanghai Jianuo, the listed company will enrich the company's sealing material technology and product types, broaden sales channels and cover more business areas, increase the company's product market share and business scale, and enhance the company's core competitiveness.