Ji'nan Shanyuan Investment Partnership (Limited Partnership) agreed to acquire 55% of stake in Shandong Tianyuan Information Technology co., Ltd. from Shandong Huapeng Glass Co.,Ltd. (SHSE:603021) for approximately CNY 200 million on December 13, 2022. Shandong Huapeng held the thirty-sixth meeting of the seventh Board of Directors and approved this proposal. This transaction still needs to be submitted to Shandong Huapeng's general meeting of shareholders for consideration.

As of December 29, 2022, The shareholders of Shandong Huapeng Glass has approved the deal at third extraordinary general meeting of shareholders held on December 29, 2022.