Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) acquired the remaining 40% stake in Longkou Nanshan Renewable Resources Co., Ltd. from United New Materials Technology Investment Co., Ltd. for approximately CNY 130 million effective May 16, 2022. Post transaction, Shandong Nanshan Aluminium holds 100% stake in Longkou Nanshan Renewable Resources.