Chen Ming agreed to acquire Jieyang Hegui New Material Co., Ltd. from Guangdong Rongtai Industry Co.,Ltd (SHSE:600589) for CNY 10 million on December 7, 2022. The transaction is approved by board of directors of Guangdong Rongtai Industry Co.,Ltd.

Chen Ming cancelled the acquisition of Jieyang Hegui New Material Co., Ltd. from Guangdong Rongtai Industry Co.,Ltd (SHSE:600589) on July 6, 2024.