Sun Haojia agreed to acquire Jieyang Lianfu New Material Co., Ltd. from Guangdong Rongtai Industry Co.,Ltd (SHSE:600589) for CNY 10 million on December 7, 2022. The transaction is approved by board of directors of Guangdong Rongtai Industry Co.,Ltd.

Sun Haojia cancelled the acquisition of Jieyang Lianfu New Material Co., Ltd. from Guangdong Rongtai Industry Co.,Ltd (SHSE:600589) on July 6, 2024.