Shanghai Dowill Paints Co., Ltd. signed a share transfer agreement to acquire 60% stake in Chuangxing Fine Chemistry (Shanghai) Co., Ltd. from Jiangsu Kuangshun Photosensitivity New-Material Stock Co., Ltd. (SZSE:300537) for CNY 40 million on February 23, 2023.

Shanghai Dowill Paints Co., Ltd. completed the acquisition of a 60% stake in Chuangxing Fine Chemistry (Shanghai) Co., Ltd. on March 9, 2023.