Hunan Hualian China Industry Co., Ltd. (SZSE:001216) agreed to acquire 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd. from He Xiaohong and Liu Dengguo for CNY 30 million on April 15, 2023. Hunan Hualian China Industry Co., Ltd. (SZSE:001216) entered into a SPA to acquire 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd. from He Xiaohong and Liu Dengguo for CNY 30 million on May 22, 2023. The transaction has been approved by board of Hunan Hualian China Industry Co., Ltd. (SZSE:001216). As of march 31, 2023, Total Asses were of CNY 128 million and Net Assets were of CNY 80 million.

Hunan Hualian China Industry Co., Ltd. (SZSE:001216) completed the acquisition of 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd. from He Xiaohong and Liu Dengguo on September 30, 2023.