In the new era, the company plans to develop a strong vibration-reducing and noise-reducing elastic component business and expand new application fields such as military and heavy-duty trucks. The company signed a capital increase and share expansion agreement with Inner Mongolia First Machine Group and Qingdao Kaishi yesterday. The company unilaterally Plastic injection of 45,107,700 yuan in cash, after the increase in capital, the company holds a 49% stake in Lectra Rubber and Plastics.

Times New Materials states that after this capital increase, the company will become the largest shareholder of Lectra Rubber and will combine its financial accounting statements in accordance with relevant regulations to increase its main business income. At the same time, with the existing military product supply qualification of Lectra Rubber and the advantage of the market channels of the One Machine Group, we will develop all-round cooperation with One Machine Group to realize the core technology and business of vibration-reducing and noise-reducing elastic components in the new era, and to new industries such as military and heavy trucks. The rapid expansion of the field, while expanding the sales of special engineering plastics, damping materials and other products.