Xingru Chen entered into an agreement to acquire 69.95% stake in from Shanxi Ai Chen Technology Ltd., Hong Ba, Junjun Wu, Lin Li, Qinrong Gao, Youzhe Li and Shuzhen Lin for $9100 on June 6, 2022. In a related transaction Hong Ba acquired 20.85% stake in W&E Source Corp. (OTCPK:WESC) from Maotang Bai, Yongsheng Liang, Qinrong Gao and Feng Li for $2,712.

Xingru Chen completed the acquisition of 69.95% stake in from Shanxi Ai Chen Technology Ltd., Hong Ba, Junjun Wu, Lin Li, Qinrong Gao, Youzhe Li and Shuzhen Lin on June 6, 2022.