Xinjiang Tianye Co.,Ltd. (SHSE:600075) agreed to acquire Tianchen Chemical Co., Ltd. from XinJiang Tianye (Group) Co.,Ltd. and Shihezi Jinfu State-owned Capital Investment Management Co., Ltd. for CNY 2.6 billion on April 12, 2023. Tianye Group owns 67.52% stake while Jinfu Investment owns 32.48% stake in Tianchen Chemical. Transaction has been approved by by State-owned Assets Supervision and Administration Commission of the Eighth Division of Xinjiang Production and Construction Corps and Tianye Group?s directorate. Transaction is subject to approval from Xinjiang Tianye's shareholders. As of April 28, 2023, shareholders of Xinjiang Tianye Co.,Ltd. (SHSE:600075) approved the transaction.

Xinjiang Tianye Co.,Ltd. (SHSE:600075) completed the acquisition of Tianchen Chemical Co., Ltd. from XinJiang Tianye (Group) Co.,Ltd. and Shihezi Jinfu State-owned Capital Investment Management Co., Ltd. on April 28, 2023.