Zhejiang Donghang Holding Group Co., Ltd. agreed to acquire additional 6.64% of stake in Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. (SZSE:300478) from Gaoxing Holding Group Corporation for CNY 87.9 million on May 19, 2022. Zhejiang Donghang Holding Group Co., Ltd. will use its own funds for the acquisition consideration.