Shaoxing BSM Chemical Co., Ltd. (SZSE:300796) agreed to acquire 20% stake in Ningbo Generic Chemical Co.,Ltd. from Shanghai Chutongjie Enterprise Management Partnership Enterprise and Shanghai Fengtong Business Information Consulting Partnership Enterprise (Limited Partnership) for CNY85 million on December 8, 2022.

Shaoxing BSM Chemical Co., Ltd. (SZSE:300796) completed the acquisition of 20% stake in Ningbo Generic Chemical Co.,Ltd. from Shanghai Chutongjie Enterprise Management Partnership Enterprise and Shanghai Fengtong Business Information Consulting Partnership Enterprise (Limited Partnership) on December 26, 2022.