Lecron Industrial Development Group Co., Ltd. (SZSE:300343) agreed to acquire additional 9.999% stake in ShanDong HuaAn New Material Co.,Ltd. from Beijing Xintou Huitong Investment Management Center (Limited Partnership) for CNY 140 million on January 8, 2024. ShanDong HuaAn New Material Co.,Ltd. reported Total assets worth CNY 1.58 billion and Total common equity of CNY 858.5 million on September 30, 2023. Lecron Industrial Development's board of director's approved the transaction.