Tianjin You Fa Steel Pipe Group Stock Co., Ltd. and Tianjin Yongfeng Management Consulting Partnership Enterprise (Limited Partnership) agreed to acquire a 12% stake in Tangshan Youfa New Building Equipment Co., Ltd. from a group of sellers on July 12, 2023.

Tianjin You Fa Steel Pipe Group Stock Co., Ltd. and Tianjin Yongfeng Management Consulting Partnership Enterprise (Limited Partnership)completed the acquisition of 12% stake in Tangshan Youfa New Building Equipment Co., Ltd. from a group of sellers on July 21, 2023.