Tianjin Songjiang Co., Ltd. (SHSE:600225) agreed to acquire remaining 20% stakes in Tianjin Troila Science and Technology Development Co., Ltd. from Tianjin Ouyu No. 1 Enterprise Management Partnership, Tianjin Zhuochuang Zhongcheng Enterprise Management Partnership, Tianjin Zhuocheng Enterprise Management Partnership and others for CNY 400 million on August 15, 2022. The transaction is subject to approval of offer by Tianjin Songjiang Co., Ltd. board and shareholders.

As of August 15, 2022 Tianjin Songjiang Co., Ltd board approved the deal. As of August 31, 2022, Tianjin Songjiang shareholders has approved the deal.