Gongqingcheng Bochen Investment Co., Ltd. agreed to acquire 55% stake in Yulin International Timber Co., Limited from Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) for CNY 51.1 million on June 30, 2023. Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) held the 7th meeting of the 5th board of directors on June 30, 2023 and agreed that the company would transfer 55% of the equity of Yulin International Timber Co., Limited to Gongqingcheng Bochen Investment Co., Ltd.