According to the Zhitong Finance APP, SPM (600459.SH) announced that in order to further meet the needs of business development, enhance market share and overall competitiveness, and further optimize and strengthen the electronic slurry business segment, the company plans to introduce strategic investors at the level of its wholly-owned subsidiary, Guiyan Electronics, for capital increase and share expansion. This capital increase will be implemented by introducing external investors through a publicly listed trading method established by law through a property trading institution. The investors will be external investors publicly solicited and determined according to the public listing trading rules through the aforementioned property trading institution.

This capital increase is beneficial for meeting the long-term development strategy of Guiyan Electronics, enhancing the company's profitability, accelerating the transformation of the company's business structure and upgrading of product structure, and further strengthening core competitiveness, which is in line with the interests of all shareholders. After the completion of this capital increase, Guiyan Electronics will establish a more flexible and efficient governance structure and operational model, further improving the independent development capabilities in segmented business areas. However, the company will still be the controlling shareholder of Guiyan Electronics, and this will not change the scope of the company's consolidated financial statements; Guiyan Electronics will still be a controlled subsidiary within the scope of the company's consolidated financial statements