Hunan Xiangke Asset Management Co., Ltd. agreed to acquire Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. from Hunan Nanling Industrial Explosive Materials Co., Ltd. (SZSE:002096) for CNY 0.99 million on September 5, 2022. As on July 31, 2022, Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. generated total assets of CNY 307.3 million and net assets of CNY 0.98 million. The transaction is approved by board of directors of Hunan Nanling Industrial Explosive Materials Co., Ltd.