COSMOS MACH Subsidiary Finalizes Full Divestiture of Hefei Ganlanmei New Materials

Stock News

Feb 13

COSMOS MACH (00118) has announced that its indirect wholly-owned subsidiary, the seller Hefei Datong Gelan Plastic Industry Co., Ltd., has completed the sale of its entire equity interest in the target company, Hefei Ganlanmei New Materials Co., Ltd. The transaction, valued at RMB 4.6495 million, was acquired by the buyer, Mr. Diao Junde. The board confirmed that the relevant industrial and commercial registration procedures for the transfer and change of equity ownership to the buyer have been finalized in China. According to the terms of the equity transfer agreement, the sale was officially completed on February 12, 2026. Following the completion, the Group no longer holds any interest in the target company, which has ceased to be a subsidiary of the Company. Consequently, the financial results of the target company will no longer be consolidated into the Group's financial statements from this point forward.

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