Tongling Jieya Biologic Technology Co., Ltd. (SZSE:301108) agreed to acquire 20% stake in Sateri (Tongling) Nonwoven Materials Co., Ltd. from Sateri (Jiujiang) Fiber Co., Ltd. for CNY 16.5 million on July 25, 2023. As of June 30, 2023, Sateri (Tongling) Nonwoven Materials reported total assets of CNY 210 million and net assets of CNY 82.6 million. The deal has been approved by board of directors of Tongling Jieya Biologic Technology Co., Ltd.