Yuanli Chemical Group Co.,Ltd. (SHSE:603217) agreed to acquire 10% stake in Chongqing Zesheng Shipping Affairs (Group) Co., Ltd from Chongqing Zesheng Investment Group Co., Ltd for RMB 80 million on January 26, 2021. Post acquisition, Chongqing Zesheng Investment Group Co., Ltd will hold 40% stake in Chongqing Zesheng Shipping Affairs (Group) Co., Ltd. As of December 31, 2020 Chongqing Zesheng Shipping Affairs reported total assets of RMB 922.8 million, total common equity of RMB 398.5 million, EBIT of RMB 401.6 million, Net income of RMB 47.13 million.