Suzhou Mingqiang Plastics Co., Ltd. concluded an equity transfer agreement to acquire Wuxi Planer Plastic Co. Ltd. from Kodama Chemical Industry Co.,Ltd. for CNY 5.4 million.

KODAMA CHEMICAL INDUSTRY CO.,LTD. is a Japan-based company mainly engaged in the automotive parts business, housing equipment and refrigeration parts businesses, and the entertainment business. It operates through three business segments. Automotive Parts segment manufactures and sells automotive parts such as instrument panels, bumpers, door panels, door trims, luggage trims, pillar garnishes, side mud guards, consoles, cylinder head covers, oil reservoir tanks, and other parts. Housing Equipment and Refrigeration Parts segment manufactures and sells home appliances such as wash mirror cabinets, bathroom ceilings, counter panels, bathtub aprons, washing machine bread, drain traps, sanitary parts, kitchen parts, refrigerator interior parts, office automation equipment parts, as well as food packaging-related products, and single-layer, multi-layer, and coated plastic sheet products. Entertainment segment manufactures and sells entertainment-related products such as game packages.