Hangzhou Oxygen Plant Group Co.,Ltd. agreed to acquire an additional 24% stake in Hangzhou Oxygen Cryogenic Liquefaction Equipment Co., Ltd. from Hangzhou Haocheng Holding Co., Ltd. for CNY 30.5 million.

HANGZHOU OXYGEN PLANT GROUP CO., LTD., formerly Hangzhou Hangyang Co., Ltd, is a China-based company principally engaged in the manufacture of equipment and investment of industrial gas projects. The Company operates through two main segments. The Equipment Manufacture and Engineering segment is mainly involved in the design, manufacture, engineering design and engineering, procurement and construction (EPC) of air separation equipment, petrochemical equipment and low temperature related equipment. The Industrial Gas Business segment is mainly involved in the investment and operation of industrial gas projects, as well as the production and sales of kinds of gas products.