Qingdao Huicheng Environmental Technology Co., Ltd. (SZSE:300779) signed a letter of intend to acquire Chemical firm from Yangquan Coal Industry (Group) Co., Ltd. (SHSE:600348) on April 30, 2020. Qingdao Huicheng Environmental Technology Co., Ltd. (SZSE:300779) will pay the consideration in cash. Zhong De Securities Company Limited acted as financial advisor, Zhong Lun Law Firm acted as legal advisor and BDO China SHU LUN PAN Certified Public Accountants LLP acted as an accountant for Qingdao Huicheng Environmental Technology.