Yu Xiaofeng and Yu Xiaolei acquired 10.8915% stake in Dexing Yifeng Regeneration Non-Ferrous Metal Co., Ltd. from Renaissance Asia Silk Road Group Limited for HKD 42 million on June 12, 2023. Yu Xiaofeng will hold 60% and Yu Xiaolei will hold 40% in Dexing Yifeng Regeneration Non-Ferrous Metal Co., Ltd. Dexing Yifeng Regeneration Non-Ferrous Metal reported Profit after tax of approximately HKD 17.5 million on December 31, 2022. The proceeds from the transaction are currently intended to be used by Renaissance Asia Silk Road for repayment of borrowings and general working capital purposes.

Yu Xiaofeng and Yu Xiaolei completed the acquisition of 10.8915% stake in Dexing Yifeng Regeneration Non-Ferrous Metal Co., Ltd. from Renaissance Asia Silk Road Group Limited for HKD 42 million on June 12, 2023.