Milkyway Chemical Supply Chain Service Co., Ltd. (SHSE:603713) agreed to acquire Shanghai Fractional Hazardous Chemicals Logistics Co., Ltd. from Shanghai Jingtong Chemicals Co Ltd. for CNY 140 million on September 2, 2021. After the completion of this acquisition, Fractional Logistics will become a wholly-owned subsidiary of Milkyway Chemical. Milkyway Chemical held the 36th meeting of the second board of directors on September 2, 2021, and reviewed and approved the "Proposal on the Proposal to Acquire 100% of Shanghai Fractional Hazardous Chemicals Logistics Co., Ltd. Shanghai Fractional Hazardous has a total assets of CNY 88.753041 million and net assets of CNY -10.599362 million on June 30, 2021.