Yongtaiyun Chemical Logistics Co.,Ltd (SZSE:001228) agreed to acquire Shaoxing Changrun Chemical Industry Co., Ltd. from Ni Lv and Zhao Yan for CNY 50 million on February 9, 2023. As per the agreement, within five working days after the agreement becomes effective, Yongtaiyun Chemical Logistics will pay 35% of the transfer price, within five working days after the conditions stipulated in the agreement are satisfied and the transfer is completed, Yongtaiyun Chemical Logistics will pay 40% of the transfer price and within five working days after the conditions stipulated in the agreement are satisfied, Yongtaiyun Chemical Logistics will pay the remaining amount. Shaoxing Changrun Chemical Industry has reported total assets of CNY 33.2235 million and net assets of CNY 15.1747 million on December 31, 2022.

The board of Yongtaiyun Chemical Logistics has approved the deal at 5th meeting of Yongtaiyun Chemical Logistics's 2nd Directorate held on February 9, 2023. As of March 15, 2023, it is disclosed that Yongtaiyun Chemical Logistics Co.,Ltd (SZSE:001228) recently completed the signing of the Equity Transfer Agreement with Ni Lü and Zhao Yan and approved by the company's 2023 First Extraordinary Shareholders' Meeting Resolution Announcement. As of June 14, 2023.

Shaoxing Changrun Chemical Industry Co., Ltd and its subsidiary Shaoxing Shangyu Haocaiyuan New Material Co., Ltd. have completed the relevant industrial and commercial registration and filing procedures, and obtained the business license renewed by the Market Supervision and Administration Bureau of Shangyu District, Shaoxing City. Chen Tingwu acted as legal representative to the transaction.