Shenyang Junming Enterprise Management Co., Ltd. agreed to acquire 65% stake in Shenyang Aerosun Futai Corrugated Pipe Co., Ltd. from Shenyang Junming Enterprise Management Co., Ltd. for CNY 25.4 million on November 30, 2023. As on December 9, 2023, Shenyang Junming Enterprise Management Co., Ltd. signed a contract to acquire 65% stake in Shenyang Aerosun Futai Corrugated Pipe Co., Ltd. from Shenyang Junming Enterprise Management Co., Ltd.

Shenyang Junming Enterprise Management Co., Ltd. completed the acquisition of 65% stake in Shenyang Aerosun Futai Corrugated Pipe Co., Ltd. from Shenyang Junming Enterprise Management Co., Ltd. on January 17, 2024.