YMC HOLDINGS LIMITED agreed to acquire Douson (Singapore) New Energy Technology Pte. Ltd. from Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800) for CNY 63.38 million on July 25, 2022. Douson (Singapore) New Energy Technology Pte. Ltd. generated Total assets of CNY 74.07 million and Net Assets of CNY 67.45 million for April 30, 2022. Transaction has been approved by Board of Directors of Suzhou Douson Drilling & Production Equipment Co.,Ltd. Transaction has been approved by shareholders of Suzhou Douson Drilling & Production Equipment Co.,Ltd. on August 10, 2022.