An equity management firm agreed to acquire 9.2% in Changzhou Tiansheng New Materials Co., Ltd..

Changzhou Tiansheng New Materials Group Co Ltd is a China-based company mainly engaged in the research, development, production and sales of polymer foam materials. The Company's main products include soft foam plastic products, soft foam rubber products and polyvinyl chloride (PVC) rigid foam products. The Company's products are mainly used in home appliances, communications, information technology (IT), automobiles and other fields. The Company's structural foam material Strucell series products are used in wind power generation, rail transit, motor home campgrounds, shipbuilding, energy-saving buildings and other fields. The Company mainly conducts its business in domestic and foreign markets.