Hunan Zesheng New Material Technology Co., Ltd. completed the acquistion of 51% Jiangsu Zhongchuang Jinqu Environmental Protection Technology Co., Ltd. from Xiamen Zhongchuang Environmental Technology Co., Ltd.

Xiamen Zhongchuang Environmental Technology Co., Ltd, formerly Xiamen Savings Environmental Co., Ltd is a China-based company principally engaged in the research and development, manufacture and sale of high temperature filtration materials used as key parts of bag type dust collectors. The Company is also involved in the manufacture and sale of key components of flue gas denitration, as well as flue gas treatment related build-operate-transfer (BOT) business in environmental protection industry. The Company's business also includes municipal solid waste treatment, hazardous waste treatment, recycling and disposal of waste electrical and electronic products, municipal facility management, water pollution treatment and solid waste treatment, etc. The Company’s products and services mainly include filtration materials series, environmental protection equipment and environmental engineering. The Company distributes its products in domestic market and to overseas markets.