TITAN SCIENTIFIC plans to acquire 100% equity of ASL Company for 55.85 million yuan

Zhitong Finance APP news, TITAN SCIENTIFIC (688133.SH) announced that the company plans to use its own or self-raised funds of £5.7564 million (approximately RMB 55.85 million based on the exchange rate on July 23, 2025) to acquire 100% of the equity of Apollo Scientific Ltd. (a private limited company registered in England, hereinafter referred to as "the Target Company" or "ASL") held by Central Glass Co., Ltd. (hereinafter referred to as "Central Glass Japan", a company listed on the Tokyo Stock Exchange with stock code 4044).

This transaction will bring improvements to the company in multiple aspects and create effective synergies with the Target Company: 1. The overseas sales channels owned by the Target Company will assist the company's business expansion. The existing sales and warehousing systems of the Target Company can help the company expand overseas customers and quickly respond to overseas customer delivery demands, accelerating the company's global channel expansion speed. 2. The Target Company has a rich and diverse range of products, including organic compounds, inorganic compounds, intermediates, and other chemicals. The company will add a batch of chemical reagent products, which will enrich the company's own brand product line. 3. The company will obtain overseas entities through the transaction to implement its overseas strategy, open new market space, enhance the company's overseas business expansion and operational capabilities, and cultivate talent for the company's overseas operations. 4. The company's domestic channel system can greatly supplement the new customer demands of the Target Company, and the company's advantageous domestic supply chain system can help the Target Company enrich procurement channels, optimize procurement costs, and enhance the Target Company's profitability