Suzhou Jinfu Technology Co., Ltd. (SZSE:300128) signed a letter of intent agreement to acquire 50.86% stake in Shanghai Shenjie Environment Protection Science and Technology Co.,Ltd from Zhang Siping and others for approximately CNY 480 million on November 20, 2021. As of December 18, 2022, Suzhou Jinfu Technology Co., Ltd. signed an agreement to acquire Shanghai Shenjie Environment Protection Science and Technology Co.,Ltd from Zhang Siping and others. The consideration will be paid in cash. The total assets and net assets of Shanghai Shenjie Environment Protection were CNY 413.78 million and CNY 293.79 million, respectively, as of September 30, 2021. The transaction is subject to the Suzhou Jinfu Technology's shareholders' approval. On December 18, 2021, Suzhou Jinfu Technology held the 16th (extraordinary) meeting of the 5th directorate and approved the acquisition. As of April 25, 2022,

Suzhou Jinfu Technology Co., Ltd. (SZSE:300128) completed the acquisition of a 50.86% stake in Shanghai Shenjie Environment Protection Science and Technology Co.,Ltd from Zhang Siping and others on April 25, 2022.