Baokang Chufeng Chemicals Co., Ltd. agreed to acquire Baokang Sante Jiuluzhai Tourism Development Co., Ltd. from Wuhan Sante Cableway Group Co., Ltd. (SZSE:002159) for CNY 49.7 million on October 10, 2022. Wuhan Sante Cableway Group Co., Ltd. board of directors approved the transaction. For the period April, 2022, CNY 143.204 million of Total assets and CNY -10.5217 million of net assets.

As of January 13, 2023, The transaction has been approved by the Board of Wuhan Sante Cableway.