Zhang Cun agreed to acquire Linyi Yehua Coking Co. Ltd from Sino Hua-An International Berhad (KLSE:HUAAN) for CNY 88 million on November 11, 2020. Zhang Cun entered into a heads of agreement acquire Linyi Yehua Coking Co. Ltd from Sino Hua-An International Berhad (KLSE:HUAAN) for CNY 85 million on September 13, 2020. 1% of the consideration will be paid upon signing of the agreement i.e. CNY 0.88 million and remaining 99% of the consideration, i.e. CNY 87.12 million will be paid within 3 months. The total consideration shall be paid on or before March 31, 2022 or such date as may be agreed between Zhang Cun and Sino Hua-An International Berhad in writing. For the year ended December 31, 2019, Linyi Yehua Coking Co. Ltd reported net loss of CNY 291.41 million. The transaction is subject to Sino Hua-An International Berhad having completed the required submissions to Bursa Malaysia Securities Berhad or any other regulatory body on or before October 31, 2021 and also issuing the requisite circular to the shareholders of Sino Hua-An International Berhad and shall have procured the approval of the Board of Directors and the shareholders of Sino Hua-An International Berhad at an Extraordinary General Meeting. The transaction is also subject to the approval of the Board of Directors of Linyi Yehua Coking Co. Ltd. The proceeds shall be used to settle partially the purchase consideration to the vendors of Touchpoint International Sdn Bhd, partial settlement of purchase consideration to Wavetree PLT and estimated expenses for the proposed disposal. The transaction is not expected to have any material effect on the earnings, net assets, gearing, share capital, and substantial shareholders' shareholding of TXB for the financial year ending December 31, 2021. M&A Securities Sdn. Bhd. acted as financial advisor for Sino Hua-An International Berhad. As of September 20, 2021, Board of Techna-X Berhad, announce that it has decided to temporarily cease its metallurgical coke business operations on or before December 31, 2021 (“Temporary Cessation”) until such time where metallurgical coke business improves and clearer visibility on the way forward can be established.

Zhang Cun cancelled the acquisition of Linyi Yehua Coking Co. Ltd from Sino Hua-An International Berhad (KLSE:HUAAN) on May 6, 2022.