Huizhou Jixiang Management Partnership agreed to acquire 49% stake in Shantou Guangcai New Material Technology Co., Ltd from Shantou Wanshun New Material Group Co., Ltd. (SZSE:300057) for CNY 39.2 million on May 19, 2023. For the year ended December 2022, Total Assets were of CNY 114 million, Net Assets were of CNY 28 million, Operating Revenue was of CNY 84 million, Operating Income was CNY 6.8 million and Net Income was CNY 6.5 million.