Suzhou Luhai Holdings Co., Ltd. signed Equity Transfer Agreement to acquire Chengdu Douson Drilling and Production Equipment Co., Ltd from Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800) for CNY 4.43 million on July 25, 2022. Chengdu Douson Drilling and Production Equipment Co., Ltd generated total assets of CNY 4.42 million and Net assets of CNY 4.39 million for April 30, 2022. Transaction was approved by Board of Directors of Suzhou Douson Drilling & Production Equipment Co.,Ltd and still needs the approval of relevant approval authority. Transaction was approved by shareholders of Suzhou Douson Drilling on August 10, 2022.