Zhou Yiping and Chen Damin won the auction to acquire 6.25% stake in Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. (SZSE:300478) from Gaoxing Holding Group Corporation for CNY 87.6 million on November 25, 2020. Zhou Yiping won the bid to acquire Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd.’s 3.49 million shares from Gaoxing Holding Group Corporation for CNY 39.72 million and Chen Damin won the bid to acquire Hangzhou Gaoxin Rubber & Plastic Materials' 4.43 million shares from Gaoxing Holding Group Corporation for CNY 47.9 million.