Lihuayi Weiyuan Chemical Co., Ltd. (SHSE:600955) intends to acquire 19% stake in Shandong Zhongran Baogang Energy Development Co., Ltd from Zibo Qixiang Tengda Chemical Co., Ltd (SZSE:002408) for CNY 47.5 million on November 22, 2022. For the year ended, Shandong Zhongran Baogang Energy Development Co., Ltd. total asset is CNY 102 million and net asset is CNY 110 million. This transaction has been reviewed and approved at the twelfth meeting of the Lihuayi Weiyuan Chemical Co., Ltd. second board of directors.