Heilongjiang Hongxinglong Agricultural Reclamation Julong Biomass New Materials Co., Ltd. agreed to acquire Nanjing Sanju Biomass New Material Technology Co., Ltd., 52% stake in Heilongjiang Sanju Beidahuang Biomass New Material Co., Ltd., and 80.0235% stake in Beijing Sanju Lvyuan Co., Ltd. from Beijing Haixin Energy Technology Co., Ltd. (SZSE:300072) for 18.46 million on April 3, 2023. The transaction is approved by board of directors of Beijing Haixin Energy Technology Co., Ltd. As of April 11, 2023, the parties signed “Property Rights Transaction Contract,” agreeing to Heilongjiang Sanju Beidahuang Biomass New Material Co., Ltd.'s 52% stake to be priced at CNY 0.029million, Nanjing Sanju Biomass New Material Technology Co., Ltd.'s 100% stake to be priced at CNY 18.4 million, Beijing Sanju Lvyuan Co., Ltd.'s 80.0235% stake to be priced at CNY 0.024 million. On April 14, 2023, the company received the "Enterprise State-owned Assets Transaction Certificate" issued by the Beijing Stock Exchange for the above three transfer projects, and was informed that Heilongjiang Hongxinglong had fully paid the equity transfer funds for the three transfer projects.

Heilongjiang Hongxinglong Agricultural Reclamation Julong Biomass New Materials Co., Ltd. agreed to acquire Nanjing Sanju Biomass New Material Technology Co., Ltd., 52% stake in Heilongjiang Sanju Beidahuang Biomass New Material Co., Ltd., and 80.0235% stake in Beijing Sanju Lvyuan Co., Ltd. from Beijing Haixin Energy Technology Co., Ltd. (SZSE:300072) on April 14, 2023.