Shandong Haihua Group Co., Ltd agreed to acquire Weifang Binhai Development Zone Yishengyuan Environmental Protection Technology Co., Ltd from Shandong Haihua Co.,Ltd (SZSE:000822) for CNY 30.2 million on March 24, 2022. The entire transfer amount should be paid in one lump sum within 10 working days from the date of signing the agreement. On March 24, 2022, the first meeting of the eighth board of directors of Shandong Haihua Co.,Ltd in 2022.

For the year ended December 2021, reported total assets of CNY 30.7 million, net assets of CNY 30.11 million, Net income of CNY 0.04 million and operating profit of CNY 0.05 million.