Shenzhen Ningsheng Investment Co., Ltd. agreed to acquire Hainan Ningyang Sports Culture Development Co., Ltd. from Shanghai Yahong Moulding Co., Ltd. (SHSE:603159) for CNY 6 million. on August 26, 2022. The buyer must make a one time payment of the transfer price not later than December 31, 2022.

On August 25, 2022, the 12th session of the company's 4th directorate approved the transaction. This transaction still needs to be approved by the company's shareholders' meeting. As of September 14, 2022, shareholders of Shanghai Yahong Moulding Co., Ltd. approved the transaction.

As of September 30, 2022, Recently, Hainan Ningyang Sports Culture Development Co., Ltd. completed the change of business registration of its share transfer.