Triumph Technology: Intends to acquire 100% equity interest in Taihu Quartz and 70% equity interest in Triumph Base Material

Recently, Kaisheng Science and Technology Co., Ltd. Intends to acquire Triumph Quartz Materials held by China Building Material Mineral Resources Group Co., Ltd. (Hereinafter referred to as "Triumph Resources"), a subsidiary of controlling shareholder Triumph Technology Group Co., Ltd. (Hereinafter referred to as "Triumph Group"), for 104 million yuan (Taihu) Co., Ltd. (hereinafter referred to as "Taihu Quartz").   Proposed to be 5252.926 Acquisition of 0HT of Anhui Triumph Basic Materials Technology Co., Ltd. held by CNBM Glass New Materials Research Institute Group Co., Ltd. (Hereinafter referred to as "Academia Sinica"), a subsidiary of controlling shareholder Triumph Technology Group Co., Ltd. (Hereinafter referred to as "Triumph Group") ML0 UNK1 70% of the equity of 0 (hereinafter referred to as "Triumph Base Material").   0 HTML0 UNK1 1 Taihu Quartz is a state-level quartz sand high-tech enterprise integrating mining, mineral processing, research and development, processing and sales. Its main product is high-purity quartz sand. It has the core competence of high-purity quartz sand purification technology from natural quartz ore. The project with an annual output of 5000 tons of high-purity quartz sand was put into operation in March 2023. Products can be used in 0 HTML 0 UNK1 2 photovoltaic 0 HTML 0 UNK1 3 quartz crucible and other related fields. The high-performance hollow glass bead produced by Triumph Substrate is a micron-sized, hollow, inert gas-containing, multi-functional inorganic non-metallic spherical material with the advantages of light weight, high strength, low thermal conductivity, good dispersion, fluidity and stability, as well as excellent properties such as low oil absorption, insulation, self-lubrication, sound insulation, fire resistance, non-water absorption and corrosion resistance. Triumph Base Materials are widely used in aerospace, petroleum exploration, deep-sea exploration, electronic communications, civil blasting, transportation lightweight, high-end composite materials and other fields. Triumph Base Materials has the core technology of preparing high-performance hollow glass microspheres with glass powder method, which is the industrial transformation of scientific research achievements of the national "863" plan. 0 HTML0 UNK1 5