Jiangsu Ruipu Resin Technology Co., Ltd announced that it has entered into an investment agreement with Beijing Comens New Materials Co., Ltd for gross proceeds of CNY 67,653,000 on February 23, 2022. The transaction has been approved by the the 24th meeting of the 4th Board of Directors and the 19th meeting of the 4th Board of Supervisors. Post-closing, investor will hold 22,998,900 shares accounting for 51% stake in the company.