Xinjiang Darong Minsheng Investment Limited Partnership Enterprise agreed to acquire CO.M.A.N s.r.l. from Shanghai Precise Packaging Co., Ltd. (SZSE:300442) and a Shanghai Puyong Machinery & Equipment Co., Ltd. CNY 0 on April 20, 2021. Xinjiang Darong Minsheng intends to acquire COMAN in cash. Shanghai Precise Packaging will subsequently evaluate the 100% equity of COMAN and use the evaluated value as the final transaction price for selling 100% of COMAN's equity. If the evaluated value of COMAN's 100% equity is different from the above audited book value, both parties will the difference is adjusted and the final asset sale agreement is signed. As at December 31, 2020, CO.M.A.N had total assets of CNY 200.58 million and negative net assets of CNY 25.94 million. For the year ended December 31, 2020, CO.M.A.N had operating revenue of CNY 30.58 million, operating loss of CNY 28.1 million and net loss of CNY 28 million. Shanghai Precise Packaging held the thirty-fifth meeting of the third Board of Directors, at which the proposal was reviewed and approved. Xinjiang Darong Minsheng Investment Limited Partnership Enterprise completed the acquisition of CO.M.A.N s.r.l. from Shanghai Precise Packaging Co., Ltd. (SZSE:300442) and a Shanghai Puyong Machinery & Equipment Co., Ltd. on June 13, 2022.