Shanxi Huayang New Material Co.,Ltd. (SHSE:600281) agreed to acquire Shanxi Huayang Biodegradation Technology Co., Ltd. from Shanxi Huaxu Logistics Co., Ltd for CNY 1.5577 million on December 23, 2022. The transaction was approved by Shanxi Huayang New Material Co.,Ltd. eleventh meeting of the seventh session of the board of directors. For the year ended, September 30, 2022, Shanxi Huayang Biodegradation Technology Co., Ltd. total asset is CNY 1.5577 million and net asset is CNY 1.5577 million.