Keyuan Holdings Group Co., Ltd., Tao Chunfeng agreed to acquire a 16% stake in Hubei Guochuang Hi-tech Material Co.,Ltd (SZSE:002377) from Guochuang High-Tech Industrial Group Co., Ltd. for CNY 460 million on April 28, 2024. Keyuan Holdings Group Co., Ltd. and Tao Chunfeng will acquire 146.61 million shares at CNY 3.11 each.