Milkyway Chemical Supply Chain Service Co.,Ltd (SHSE:603713) signed share transfer agreement to acquire 60% stake in Guangzhou Baohui Resin Co., Ltd. from Huzhou Yongqia Technology Partnership Enterprise (Limited Partnership) for approximately CNY 110 million on June 16, 2023. As of February 28, 2023, Guangzhou Baohui Resin Co., Ltd. generated total assets of CNY 95.6 million and net assets of CNY 50.8 million.