Beijing Tianyishangjia New Material Corp.,Ltd. (SHSE:688033) agreed to acquire the remaining 10% stake in Jiangyou Tianli Xintao Carbon Material Technology Co., Ltd. from Zhou Shaojian for CNY 6 million on February 18, 2022. As of Sept 30, 2021, Jiangyou Tianli Xintao Carbon reported total assets is CNY 123.2 million and net asset of CNY 52.21 million. The transaction is approved in the 39th session of the Beijing Tianyishangjia's 2nd directorate meeting.

Beijing Tianyishangjia New Material Corp.,Ltd. (SHSE:688033) completed the acquisition of the remaining 10% stake in Jiangyou Tianli Xintao Carbon Material Technology Co., Ltd. from Zhou Shaojian on February 18, 2023.