Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) entered into an agreement to acquire Zhejiang Yate New Material Co., Ltd. from True Love Group Co., Ltd., Zheng Qizhong, Zhuji Zhongcheng Enterprise Management Partnership (Limited Partnership), Zheng Qiming, Liu Yuanqing and Liu Zhongqing for CNY 1.2 billion on December 6, 2022. On December 6, 2022, Yiwu Huading Nylon Co.,Ltd. held twenty-first meeting of the fifth board of directors. Transaction is subject to approval from Yiwu Huading's shareholders. As on December 30, 2022, Transaction is approved by Yiwu Huading's shareholders. For the period ended June 30, 2022, Total Assets were of CNY 865 million and Net Assets were of CNY 395 million.

Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) completed the acquisition of Zhejiang Yate New Material Co., Ltd. from True Love Group Co., Ltd., Zheng Qizhong, Zhuji Zhongcheng Enterprise Management Partnership (Limited Partnership), Zheng Qiming, Liu Yuanqing and Liu Zhongqing on January 16, 2023.