Long-term new material acquisition of Dajing new material, into the photoresol and semiconductor materials field.

On August 24th, Kusan New Materials (688199) announced that the Company will acquire 100.00% of Dajing New Materials held by Xuzhou Kangyu at a price of 0.00 yuan in accordance with the needs of strategic planning and business development (including Dajing New Material's 100.00% stake in Dajing Information).
Dajing new material is investing in the construction of thousands of tons of photoresist and supporting reagent projects, Dajing Information is investing in the construction of an annual output of 600 tons of microelectronic photoresist special photosensitive project, after the completion of this transfer, Dajing new material will become a wholly-owned subsidiary of the company, Dajing Information will become a wholly-owned sun company, the company will be through shareholder borrowing or capital increase and other ways to inject capital of 53 million yuan to support the repayment of the investment target debt.
, the company will increase capital investment as needed in due course to support the rapid development of investment targets. according to the
announcement, Xuzhou Dajing New Materials Group was established in November 2014, the scope of business: information chemicals (photoresist, reagents, raw materials), coatings, chemical biomedical technology research and development, promotion, production and sales, its wholly-owned subsidiary Dajing information chemicals main business for information chemicals (light-sensing materials, reagents, raw materials), coatings, chemical biomedical raw materials production and sales, scientific research and development.
of August 2020, the State Council issued a number of policies to promote the high-quality development of the integrated circuit industry and the software industry in the new era.
documents make it clear that the integrated circuit industry and software industry are the core of the information industry and the key force to lead a new round of scientific and technological revolution and industrial transformation.
strong support of national policies, the photoresic and semiconductor industries have ushered in new historical development opportunities.
years, the company continues to strengthen the leading position in the light trigger industry, and constantly explore the electronic chemical industry.
photosensitive agent is the core raw material for the production of display panel-type photoresist and semiconductor g/i line photoresist, the cost accounted for about 60%.
there is no microelectronic-grade photosensitive agent manufacturers in China, can only rely on imports from Japan and South Korea and other countries.
The completion of this acquisition marks a substantial step forward in the implementation of the company's strategic layout in the field of photoresist and semiconductor materials, which is conducive to the company's years of research and development results into products, the rapid realization of photosensitive agent industrialization and large-scale production, the company will also give full play to its chemical advantages, fully develop photoresist and semiconductor industry involved in the development and production of chemical materials, for China's development in related fields to make due contributions.
founded in 1998 and listed on the Science and Technology Board on November 5, 2019, the main business is the research and development, production and sales of light-trigger agents, whose products are mainly used in photo-curing technology.
company is the country's large-scale production, variety of light trigger production suppliers, light trigger business market share of about 30%, in the field of photo-curing agent has global influence.
company has established good relations of cooperation with Feikai Materials, AkzoNobel, PPG, DSM and other downstream quality customers.
2017-2019, operating income was RMB740 million, RMB1.005 billion and RMB1.335 billion, respectively.
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