Shinghwa Advanced Material Technology (Lianjiang) Co., Ltd. agreed to acquire Shinghwa Advanced Material Technology (Meishan) Co., Ltd. from Shinghwa Advanced Material Group Co., Ltd. (SHSE:603026) and Dongying Yingjia Heyi Industrial Investment Partnership Enterprise (L.P.) for approximately CNY 130 million on October 27, 2023. The transaction is subject to board of directors approval of Shinghwa Advanced Material Group Co., Ltd.