Qingdao Hailang Holding Co., Ltd. agreed to acquire 41% stake in Qingdao Hailang Special Equipment Technology Co., Ltd. from Qingdao Doublestar Co.,Ltd (SZSE:000599) for approximately CNY 3 million on February 26, 2021. The 6th session of the Qingdao Doublestar Co.,Ltd 9th directorate approved the transaction on February 6, 2021. The transaction is still subjected to the approval of its shareholders.