Beijing SPC Environment Protection Tech Co., Ltd. (SZSE:002573) agreed to acquire a 57% stake in Xuancheng Zhichuang Enterprise Management Consulting Partnership Enterprise (Limited Partnership) for CNY 480 million on May 12, 2022. The consideration will be paid from own funds. Board of directors of Beijing SPC Environment Protection Tech Co., Ltd. have approved the transaction. As of March 31, 2022, Xuancheng Fuwang Metal Materials Co., Ltd reported total assets of CNY 653.883 million, total common equity of CNY 481.6727 million, revenue of CNY 473.8985 million, EBIT of CNY 25.3571 million and net income of CNY 28.7879 million.