China Minsheng Home Care Industry Co., Ltd. signed Share Transfer Agreement to acquire 51% stake in Russia United New Materials Co., Ltd. from Suzhou Yangtze New Materials Co., Ltd. for CNY 10.1 million on March 8, 2023. This has been approved in the 24th Meeting of the Company?s 5th Directorate held on March 7, 2023, and is subject to the Shareholders? Approval.

China Minsheng Home Care Industry Co., Ltd. completed the acquisition of a 51% stake in Russia United New Materials Co., Ltd. from Suzhou Yangtze New Materials Co., Ltd. (SZSE:002652) on March 31, 2023.