Jilin Forest Industry Hongshi Forestry Co., Ltd. agreed to acquire All assets and liabilities of Jilin Forest Industry Co., Ltd. Hongshi Forestry Branch for approximately CNY 123 million on April 29, 2022. Jilin Forest Industry Co., Ltd.'s board of directors approved the transaction is still subject to shareholders approval. As on December 31, 2021, Jilin Forest Industry reported the net profit of CNY 87,800.