Luyang Energy-Saving Materials Co., Ltd. (SZSE:002088) agreed to acquire Yixing Gaoqi Environmental Protection Technology Co., Ltd. on April 28, 2023. The transaction is subject to Luyang Energy-Saving Materials Co., Ltd. (SZSE:002088) board and shareholders approval. As of April 28, 2023 Luyang Energy-Saving Materials Co., Ltd. (SZSE:002088) board approved the deal. Financials for the year ended December 31, 2023 Total assets CNY250 million, Total owner’s equity CNY140 million, Revenue CNY200 million, Operating profit CNY5.2 million and Net profit CNY3.5 million.

Luyang Energy-Saving Materials Co., Ltd. (SZSE:002088) completed the acquisition of Yixing Gaoqi Environmental Protection Technology Co., Ltd. on June 19, 2023.