Dalian Bingshan Group Co., Ltd., Dalian Zhonghuida Refrigeration Technical Co., Ltd. and Dalian Zhixintong Enterprise Management Partnership (Limited Partnership) agreed to acquire Bingshan Technical Service (Dalian) Co., Ltd. from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. (SZSE:200530) for CNY 25.9 million on January 13, 2022. As per the transaction, Dalian Bingshan Group Co., Ltd. will acquire 57% stake, Dalian Zhonghuida Refrigeration Technical Co. will acquire 25% stake and Ltd. and Dalian Zhixintong Enterprise Management Partnership (Limited Partnership) will acquire 18% stake in Bingshan Technical Service (Dalian) Co., Ltd. As on October 31, 2021, Bingshan Technical Service (Dalian) Co., Ltd. generated total assets of CNY 107.9 million.

As on January 21, 2022, the transaction is approved by board of directors of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.