Liu Qifan and Liu Nengrui agreed to acquire 51% stake in Fujian Nanping Yuanhe Chemical Co., Ltd. from Fujian Yuanli Active Carbon Co.,Ltd. (SZSE:300174) for approximately CNY 120 million on January 5, 2024. As of November 30, 2023, Fujian Nanping Yuanhe Chemical Co., Ltd. generated total assets of CNY 355.4 million.