Shenzhen Wanze Hongye Industrial Development Co., Ltd. entered into an agreement 10% stake in Xi'an Xinhongye Investment Development Co., Ltd. for CNY 90 million on August 1, 2022.

Shenzhen Wanze Hongye Industrial Development Co., Ltd. cancelled the acquisition of 10% stake in Xi'an Xinhongye Investment Development Co., Ltd. on December 31, 2022