China Minsheng Home Care Industry Co., Ltd. signed Share Transfer Agreement to acquire 51% stake in Russia United New Materials Co., Ltd. from Suzhou Yangtze New Materials Co., Ltd. for CNY 10.1 million

SUZHOU YANGTZE NEW MATERIALS CO., LTD. is a China-based company principally engaged in the research, development, production and sale of organic coating and supplementary substrates. The Company's main products include organic coating series products and substrate products. The Company's products are mainly used in new energy-saving wall materials and household appliances, as well as the production workshops and facilities of food, cosmetics, medicine, medical treatment, information technology (IT), electronics and photovoltaic manufacturing. The Company distributes its products in domestic market and to overseas markets.