Jincheng State-owned Capital Investment and Operation Co., Ltd. agreed to acquire Rizhao Lanhua Metallurgical Energy Co., Ltd from Shanxi Lanhua Sci-Tech Venture Co.,Ltd (SHSE:600123) for approximately CNY 73 million on March 30, 2022. On March 30, 2022, the sixth interim meeting of the seventh board of directors of the company reviewed and approved Transfer of 100% Equity of Rizhao Lanhua Metallurgical Energy Co., Ltd.