[Jiuri New Materials: Plans to join investors to increase capital in Guangju Technology and acquire 100% equity of photoinitiator company IGM] On November 10th, Jiuri New Materials (688199.SH) announced that the company plans to join forces with Haitai Haihe and other co-investors to increase investment in the joint venture company Guangju Technology by 799.9 million yuan. After the capital increase, the company's shareholding ratio will be reduced from 100% to 43.75%, and Guangju Technology will become a joint-stock company. At the same time, the domestic subsidiary of Guangju Technology plans to acquire 100% of the equity of IGM held by Topco for 1 euro, and arrange to increase capital of 225 million euros to the target company to repay debts, and the remaining approximately 202 million euros of debt will be exempted by creditors. This transaction does not constitute a related transaction or major asset restructuring, and it still needs to be submitted to the shareholders' meeting for review. IGM is the major manufacturer with the longest history in the photoinitiator industry. It has successively acquired the domestic leading initiator company Beijing Yingli Technology, the photoinitiator business of Italy's Lamberti, and the photoinitiator business of the global chemical giant BASF, bringing the world's leading photoinitiator business into its system. It has formed the most complete photoinitiator product portfolio and the most comprehensive intellectual property library in the industry, and has a clear leading edge in professional-grade products.