Shantou Dongfeng Printing Co., Ltd. (SHSE:601515) entered into equity transfer agreement to acquire 19.19347% stake in Shenzhen Bosheng New Materials Co., Ltd. from Qian Chao for CNY 124.7575 million on October 11, 2022. The Shenzhen Market Supervision and Administration Bureau approved the deal on October 17, 2022. The shareholders of Shenzhen Bosheng New Materials has unanimously approved the deal.

For the year ended, December 31, 2021, Shenzhen Bosheng New Materials Co., Ltd. Total asset is CNY 243.4647 million, Net asset is CNY 146.8605 million, Revenue CNY 42.2071 million, and Net Income CNY -24.0438 million.