Sansheng Intellectual Education Technology CO.,LTD. (SZSE:300282) agreed to acquire 39% stake in Malipo Tianxiong New Material Co., Ltd. from Hunan Dajia New Material Technology Co., Ltd. for CNY 370 million on December 24, 2023. The consideration consists of CNY 371.3 million in cash. As part of the consideration, CNY 371.3 million was paid towards common equity.

Prior to the transaction, Sansheng Intellectual Education Technology CO.,LTD. (SZSE:300282) held 51%.