Zhithong Finance APP reports that Tongyi Zhong (688722.SH) announced that the company plans to use its own funds of 0.243 billion yuan to acquire 75.80% of the shares of Chaomeisi New Materials Co., Ltd. (referred to as 'Chaomeisi'). After this Trade is completed, Chaomeisi will become a subsidiary controlled by the company.

It is reported that the target company, as a major participant in the meta-aramid Industry, is one of the few enterprises in the Industry that possesses complete and mature production technologies for meta-aramid fibers and aramid paper. After more than ten years of Operation, the target's technology maturity has reached a high level, becoming one of the leading companies in China's aramid Industry in terms of production capacity, market influence, and a solid customer base. Meta-aramid has excellent flame resistance, high-temperature resistance, insulation properties, chemical stability, and radiation resistance, making it widely applicable in protective Outfits, high-temperature filtration materials, electrical insulation paper, and more.

Through this integration, the listed company can enter the field of aramid fiber and aramid paper production, gaining the capability to provide various types of New Materials, laying a solid foundation for building a composite New Materials enterprise. It can further improve the yield and product quality of the target company's colored fibers, thereby meeting the demands of more high-end customers and increasing its market share.

In summary, through the acquisition of the target company, Tongyi Zhong is making an important move to expand its layout in new tracks for aramid fiber products, which can strengthen its overall solution supply capabilities in the protective field. By complementing product technologies, increasing product added value while reducing costs and improving efficiency, business synergy and collaboration in technology and research and development can be achieved, thereby creating Tongyi Zhong's '3+X' future fiber industry system.