On June 11, Fujian Supertech Advanced Material Co.,Ltd. (ASX: 688398) announced an ordinary related-party transaction. The announcement revealed that the company's director, Wang Yang, has entered into a share transfer agreement with Li Mingliang, the largest shareholder of Fujian Jianyi Vacuum Technology Co., Ltd. Under this agreement, Wang Yang will acquire a 24.24% stake in Jianyi Vacuum from Li Mingliang.

Upon completion of the transaction, Wang Yang and Li Mingliang will become joint largest shareholders of Jianyi Vacuum, each holding approximately 24.24% of the company. According to the listed company's announcement, Wang Yang is the son of Wang Kunming, the controlling shareholder and actual controller of Supertech. Wang Yang, Wang Kunming, and Wang Kunming's sister, Wang Meilan, are considered concerted parties.

Information from Jianyi Vacuum's official website and public sources indicates the company has a registered capital of 82.5 million yuan. It is recognized as a national high-tech enterprise and a specialized, sophisticated, distinctive, and innovative SME in Fujian Province. The company focuses on the manufacturing of high-end vacuum equipment and has established two core business segments: production equipment for vacuum insulation materials and space environment simulation testing equipment.

The company possesses the capability to deliver complete turnkey system solutions for vacuum insulation panels. It is reportedly the sole supplier in China offering such comprehensive solutions, providing full-service support from equipment and processes to final product output. Jianyi Vacuum serves as a primary equipment supplier for one of the world's largest VIP manufacturers and provides in-depth services to Fujian Supertech Advanced Material Co.,Ltd. and several other leading industry manufacturers.

Its core competitive advantages lie in the dry core forming process for VIPs, air-laid web technology, and high-speed cross-lapping technology. The company's website also notes it has a business in manufacturing equipment for vacuum glass.

Within the space environment simulation equipment segment, the company is primarily engaged in the manufacturing and testing of vacuum environment simulation and testing equipment for products from commercial aerospace enterprises, including satellites, satellite payloads, and satellite components. Its client base covers over 30 research institutes and aerospace organizations, such as the China Aerospace Science and Technology Corporation, the Innovation Academy for Microsatellites of the Chinese Academy of Sciences, Chang Guang Satellite Technology Co., Ltd., and Harbin Institute of Technology.

Corporate records show that in the first half of 2026, the company secured contracts for space environment simulation equipment projects from the Innovation Academy for Microsatellites of the Chinese Academy of Sciences and Harbin Institute of Technology (Shenzhen), with winning bid amounts of 46.58 million yuan and 17.5 million yuan, respectively.