Ningbo Meishan Free Trade Port Area Dingheng Tianxia Investment Co., Ltd. agreed to acquire 16.74% stake in Xinjiang Coal Exchange Co., Ltd. from Hainan RuiZe New Building Material Co.,Ltd (SZSE:002596) for CNY 85.50 million on May 14, 2022. Xinjiang Coal Exchange reported the Total assets of CNY 922,458,100 and Net asset of CNY 510,798,300 as of March 31, 2022. Board of directors of Hainan RuiZe New Building Material Co.,Ltd approved the transaction.

Ningbo Meishan Free Trade Port Area Dingheng Tianxia Investment Co., Ltd. completed the acquisition of Xinjiang Coal Exchange Co., Ltd. from Hainan RuiZe New Building Material Co.,Ltd (SZSE:002596) on August 24, 2022.