Hangzhou Huaxun Venture Capital Partnership, Hangzhou Shunyi Venture Capital Partnership, Chengdu Yaqing Venture Capital Partnership (Limited Partnership) and others agreed to acquire a 50.034% stake in Xianning Haiwei Composite Materials Co., Ltd. from Guangdong New Grand Long Packing Co., Ltd..

Longhua Technology Group Luoyang Co Ltd, formerlyLuoyang Longhua Heat Transfer & Energy Conservation Co Ltd, is a China-based company mainly engaged in the research and development and innovation of energy-saving and environmental protection equipment. The Company mainly operates three businesses. Energy conservation and environmental protection business includes industrial heat transfer energy conservation business, environmental protection business and extraction and separation business. The electronic new materials business is engaged in the research, development and production of high-purity molybdenum and molybdenum alloy targets, silver alloy targets and other products, which are used in the nuclear industry, single crystal silicon and other fields. The polymer composite material business's products include resin composite materials, structural foam materials and other structural and functional integrated materials.