Hangzhou Toka Ink Co., Ltd. (SHSE:688571) entered into an agreement to acquire 51% stake in Shantou Guangcai New Material Technology Co., Ltd from Shantou Wanshun New Material Group Co., Ltd. (SZSE:300057) for CNY 40.8 million on May 19, 2023. For the year ended December 2022, Total Assets were of CNY 114 million, Net Assets were of CNY 28 million, Operating Revenue was of CNY 84 million, Operating Income was CNY 6.8 million and Net Income was CNY 6.5 million.