Jianhu County State-Owned Assets Investment Management Co., Ltd. agreed to acquire a 13.07% stake in Shanghai SK Petroleum & Chemical Equipment Corporation Ltd. (SZSE:002278) for approximately CNY 270 million on April 24, 2022. As part of the transaction, from April 23, 2022 to April 24, 2022, Jianhu County State-Owned Assets won 47,577,481 shares of Shanghai SK Petroleum & Chemical through the Taobao judicial auction online platform, accounting for 13.07% of the total share capital and completed payment on May 7, 2022. On May 16, 2022, Jianhu County State-Owned Assets received the Shanghai No. 1 Intermediate People's Court Enforcement Ruling, issued by the Shanghai First People's Court ((2021) Hu 01 Zhihui No. 126, (2019) Hu 01 Enforcement 1042).

Jianhu County State-Owned Assets Investment Management Co., Ltd. completed the acquisition of 13.07% stake in Shanghai SK Petroleum & Chemical Equipment Corporation Ltd. (SZSE:002278) on July 19, 2022.