Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd. entered into equity transfer framework agreement to acquire 15.8% stake in Shandong Polymer Biochemicals Co., Ltd. (SZSE:002476) from Tibet Taiyifeng Information Technology Co., Ltd. for CNY 450 million on October 31, 2023. As per the transaction, Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd. will acquire 96.7 million shares of Shandong Polymer Biochemicals Co., Ltd.