Dalian BIO-CHEM Company Limited (SHSE:603360) signed Equity Acquisition Intention Agreement to acquire Dalian Hui Yu Xin Technology Development Co., Ltd. from Dalian Hesheng Holding Group Co., Ltd. on May 28, 2021. Dalian BIO-CHEM Company intends to purchase 100% of Dalian Hui Yu Xin Technology Development by paying cash. After the transaction is completed, Dalian Hui Yu Xin will become a 100% controlled subsidiary of the company. The final transaction plan is subject to the formal agreement. As of July 20, 2021, the board of Dalian BIO-CHEM Company unanimously approved the transaction. This proposal still needs to be submitted to the shareholders meeting for review.