He Xiaohong and Liu Dengguo agreed to acquire 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd from Hunan Hualian China Industry Co., Ltd..

Hunan Hualian China Industry Co Ltd is a China-based company engaged in the research and development (R&D), design, production and sales of ceramic products. The Company's products mainly include daily-use ceramics and industrial ceramics. The Daily-use ceramics include colored glazed ceramics and underglaze colorful ceramics. Their main applications include tableware, tea sets, coffee sets, wine sets, toiletries, decorative parts, etc. The industrial ceramics include electric ceramics and new ceramic materials. Their main applications include power system support, wear-resistant parts for machinery, communication, aerospace, consumer electronics, chemical industry, military industry and other fields. The Company's products are exported to North America and Europe.