Xinjiang Tianshun Supply Chain Co., Ltd. (SZSE:002800) entered into a share transfer agreement to acquire the remaining 30% stake in Jilin Aika Viscose Fiber Co., Ltd from Jilin Chemical Fibre Stock Co.,Ltd (SZSE:000420) for CNY 72 million in May 2020. Xinjiang Tianshun Supply Chain Co., Ltd. presently owns 70% stake in Jilin Aika Viscose Fiber Co., Ltd and post completion of the acquisition will own the 100% stake of Jilin Aika Viscose Fiber Co., Ltd. The transaction will be financed from Private Placement by Xinjiang Tianshun Supply Chain Co., Ltd. For the year ended December 31, 2019, Jilin Aika Viscose Fiber Co., Ltd reported total assets of CNY 329.07 million, net assets of CNY 30.21 million, revenue of CNY 217.58 million, operating profit of CNY 38.73 million and net profit of CNY 34.31 million.