Tongling High-tech Qihang No. 1 Equity Investment Partnership (Limited Partnership agreed to acquire a 5% stake in GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) from Wang Zhuangjia for approximately CNY 100 million on September 22, 2022. Under the terms, Tongling High-tech will pay CNY 9.95 per against 10,232,500 shares of GuangDong SongYang.