Wuhu Zhiying Project Investment Partnership (Limited Partnership) agreed to acquire a 70% stake in Shouguang Baolong Petroleum Equipment Company Limited from Shandong Molong Petroleum Machinery Company Limited (SEHK:568) for CNY 1 on January 9, 2024.

Wuhu Zhiying Project Investment Partnership (Limited Partnership) completed the acquisition of 70% stake in Shouguang Baolong Petroleum Equipment Company Limited from Shandong Molong Petroleum Machinery Company Limited (SEHK:568) on March 13, 2024.