Baoding Lucky Innovative Materials Co.,Ltd (SZSE:300446) intends to acquire 48.51% stake in Baoding Lucky Chemical Co.,LTD. from China Lucky Group Corporation on October 23, 2020. The consideration will be paid in cash. As of June 30, 2020, Baoding Lucky Chemical Co. reported total assets of CNY 125.1 million and owner's equity of CNY 110.2 million. For the year ending December 31, 2019, Baoding Lucky Chemical Co.,LTD reported total operating income of CNY 64.3 million and net profit of approximately CNY 9 million. The transaction needs to be reviewed and approved by Baoding Lucky Innovative Materials Co.,Ltd's Board of Directors and general meeting of shareholders. As of November 17, 2020, the transaction has been reviewed and approved by the fifth meeting of Baoding Lucky Innovative Materials Co.,Ltd's fourth Board of Directors. As of November 17, 2020, the transaction has been reviewed and approved by the fifth meeting of Baoding Lucky Innovative Materials Co.,Ltd's fourth Board of Directors. As per announcement dated December 4, 2020, the transaction was recently approved by the China Aerospace Science and Technology Corporation, parent of China Lucky Group Corporation. The agreement is expected to be signed soon. Baoding Lucky Innovative Materials Co.,Ltd (SZSE:300446) completed the acquisition of 48.51% stake in Baoding Lucky Chemical Co.,LTD. from China Lucky Group Corporation on December 22, 2020.