Keda Industrial Group Co., Ltd. (SHSE:600499) agreed to acquire 40% stake in Shandong Sinocera Kanglitai New Material Technology Co., Ltd. from Foshan Kanglitai Inorganic Chemical Co., Ltd. for CNY 264 million on July 5, 2023. The transaction was approved by Shandong Sinocera Functional Material Co eighth meeting of the fifth board of directors and the eighth meeting of the fifth board of supervisors. For the year ended, March 31, 2023, Shandong Sinocera Kanglitai New Material Technology Co., Ltd. total asset is CNY 926.72 million and Net asset is CNY 594.21 million.