Hangzhou Flariant Co.,Ltd (SHSE:605566) agreed to acquire an additional 25% stake in Hangzhou Flariant Industry Co., Ltd from Chen Junjian for CNY 6.25 million on July 15, 2023. As of April 30, 2023, Hangzhou Flariant Industry Co., Ltd reported total assets of CNY 220 million and total common equity of CNY 10.5 million.