Lu Hanyuan and Yu Ren’ai signed an agreement to acquire 49% stake in Jiangmen Deshang Kezuo Technology Industrial Co., Ltd. from Guangdong Dazhi Environmental Protection Technology Incorporated Company (SZSE:300530) for CNY 7.4 million on June 8, 2018. After the transaction, Lu Hanyuan will hold 29% stake and Yu Ren’ai will hold 20% stake in Jiangmen Deshang Kezuo Technology Industrial Co., Ltd. In a related transaction, Lu Hanyuan, Yu Ren’ai and Guangdong Dazhi Environmental Protection Technology Incorporated Company will carry out a capital increase in Jiangmen Deshang Kezuo Technology Industrial Co., Ltd. Jiangmen Deshang Kezuo Technology Industrial Co., Ltd. reported total assets of CNY 18.18 million, net assets of CNY 17.79 million, operating revenues of CNY 7.11 million, operating profit of CNY 0.66 million and net profit of CNY 0.55 million as at December 31, 2017. The Board of Directors of Guangdong Dazhi Environmental Protection Technology Incorporated Company approved the transaction on June 8, 2018.