The asset restructuring project of Shanghai Heshuofeng New Material Science and Technology Co., Ltd. (stockname: Heshuofeng; stock code: 837872), which was contracted by our senior partner Gao Wei, passed the review of NEEQ on December 26, 2017 and obtained a share registration letter (share transfer system letter [2017] No. 7376).

The reorganization plan was to purchase 100% equity of Wang He Investment held by Heshuofeng from Zhu Xiaofeng, Chen Yingpan, Wang He and Liang Yanyang, shareholders of Shanghai Wanghe Investment Co., Ltd. (abbreviation: Wanghe Investment) in the form of shares.

After the completion of this transaction, Heshuofeng can obtain a stable supply of raw materials, lay a solid foundation for improving the vertical layout of the industry, achieve business synergy and strategic integration, and increase the core competitiveness and profitability. Investors to the company Recognition will be further improved.