Zibo Qixiang Tengda Chemical Co., Ltd (SZSE:002408) and Shandong Blue Star Zhiyun Equity Investment Partnership (Limited Partnership) agreed to acquire 42.575% stake in Heze Holley New Material Co.,Ltd. from Ningbo Meishan Bonded Port Area Luhe Equity Investment Partnership Enterprise (Limited Partnership) and Shandong Lanxing Zhiyun Equity Investment Partnership (Limited Partnership) and Chen Xinjian on January 30, 2024. Prior to the transaction, Zibo Qixiang Tengda Chemical Co., Ltd (SZSE:002408) held 51%. Zibo Qixiang Tengda Chemical Co., Ltd will pay CNY 676.349 million for its 37.575% stake.