An undisclosed buyer agreed to acquire Guangzhou Zhilang New Materials Co., Ltd. from Guangzhou Sanfu New Materials Technology Co.,Ltd (SHSE:688359) for CNY 25.8 million on March 25, 2024. As of December 31, 2023, Guangzhou Zhilang New Materials Co., Ltd. generated total assets of CNY 10.3 million, net assets of CNY 10.3 million, revenue of CNY 0.6 million and net loss of CNY 0.77 million.