Hongliwan Jintian Changsheng Phase 1 Private Securities Investment Fund, managed by Shenzhen Hongliwan Investment Management Co., Ltd. agreed to acquire a 5.33% stake in Chahua Modern Housewares Co., Ltd. from Chen Fusheng for CNY 170 million

Chahua Modern Housewares Co.,Ltd. is principally engaged in research and development, manufacture and sales of home supplies especially commodity plastics. The Company's main products are commodity plastics including food containers, cleaning products, storage products and home supplies. The Company also involves in manufacture and sales of non-plastic products. The Company distributes its products within the domestic market and to overseas market.