Guangdong Shunkong Development Co.,Ltd. (SZSE:003039) and Guangdong Shunkong Environment Investment Co., Ltd. agreed to acquire 10% stake in Cangzhou Jingtou Environmental Protection Technology Co., Ltd. from Tianjin Shoucheng Environmental Protection Technology Partnership (Limited Partnership) on October 23, 2023. In related transaction the parties will also perform an capital increase transaction for Cangzhou Jingtou Environmental Protection Technology. Cangzhou Jingtou Environmental Protection Technology reported Total assets worth CNY 577.9 million and Net assets of CNY 20 million in June 30, 2023. The transaction is already approved for Guangdong Shunkong Development Co.,Ltd.'s board of director's and shareholders. Transaction has also been approved by Tianjin Shoucheng Environmental Protection Technology Partnership's board.

Guangdong Shunkong Development Co.,Ltd. (SZSE:003039) and Guangdong Shunkong Environment Investment Co., Ltd. completed the acquisition of 10% stake in Cangzhou Jingtou Environmental Protection Technology Co., Ltd. from Tianjin Shoucheng Environmental Protection Technology Partnership (Limited Partnership) on November 10, 2023 .