Jiangsu SOPO Chemical Co. Ltd. (SHSE:600746) signed a share transfer agreement to acquire Jiangsu Dongpu New Materials Technology Co., Ltd. from Zhenjiang State-owned Investment Holding Group Company Limited for approximately CNY 360 million on August 13, 2021. The consideration shall be paid within 15 working days after the agreement becomes effective. As of March 31, 2021, total asset and net asset of Jiangsu Dongpu New Materials Technology Co., Ltd. was CNY 920 million and CNY 191 million respectively. The transaction was approved in the 4th Meeting of 9th Directorate of Jiangsu SOPO Chemical Co. Ltd. held on August 16, 2021, and does not need the shareholders approval. As of October 12,2021, Jiangsu SOPO Chemical has completed the review and evaluation filing procedures in accordance with the relevant state-owned assets regulatory requirements. The equity transfer agreement with effective conditions signed by Jiangsu SOPO Chemical and Zhenjiang State Control has officially come into effect. According to the results of the equity value evaluation filed by the state-owned assets supervision department, Jiangsu SOPO Chemical will acquire 100% equity of Dongpu New Materials with its own funds of CNY 361 million. Jiangsu SOPO Chemical Co. Ltd. (SHSE:600746) completed the acquisition of Jiangsu Dongpu New Materials Technology Co., Ltd. from Zhenjiang State-owned Investment Holding Group Company Limited on November 12, 2021. After completion, companies name is changed to "Jiangsu SOPO New Material Technology Co., Ltd."