Beijing Lier High-temperature Materials Co.,Ltd. (SZSE:002392) agreed to acquire acquire a 14% in Qinhuangdao Shougang Krosaki Refractories Co., Ltd. from Krosaki Harima Corporation for CNY 11.8 million on December 23, 2022. For the year ended, August 31, 2022, Qinhuangdao Shougang Krosaki Refractories Co., Ltd. total asset is CNY 151 million and Net asset is CNY 64.13million.