Yunnan Luoping Zinc&Electricity Co., Ltd. (SZSE:002114) agreed to acquire 51% stake in Yunnan Hongyuan Industrial Co., Ltd from Jiang Pan and Su Jinbi for approximately CNY 20 million on April 27, 2022. The company was already approved by Yunnan Luoping Zinc&Electricity Co., Ltd. Board of directors and on May 16, 2022 Yunnan Luoping Zinc&Electricity Co., Ltd. shareholders approved the transaction. On July 16, 2022 the Company and sellers Jiang Pan and Su Jinbi signed the Share Transfer Agreement.

Yunnan Luoping Zinc&Electricity Co., Ltd. (SZSE:002114) Completed the acquisition of 51% stake in Yunnan Hongyuan Industrial Co., Ltd from Jiang Pan and Su Jinbi for approximately CNY 20 million on August 2 ,2022. the Company holds 51% and Jiang Pan 49%.