Shandong Lukang Pharmaceutical Co.,Ltd. (SHSE:600789) signed a letter of intent to acquire remaining 60% stake in Shandong Lukang Zhonghe Environmental Protection Technology Co., Ltd. from Hualu Holdings Co., Ltd. for CNY 62 million on October 8, 2021. As of June 30, 2021, the Shandong Lukang's total assets were 192 million yuan and net assets were 118 million yuan. The board of Shandong Lukang issued pre-approved opinions and submit the proposal to the fourth (temporary) meeting of the Shandong Lukang's tenth board of directors for deliberation. As of October 8, 2021 Shandong Lukang Pharmaceutical Co.,Ltd.board approved the deal. As of August 10, 2022, the 12th session of the company's 10th directorate approved the . The company will acquire 60% stake in Shandong Lukang Zhonghe Environmental Protection Technology Co., Ltd. from Hualu Holdings Co., Ltd.

Shandong Lukang Pharmaceutical Co.,Ltd. (SHSE:600789) completed the acquisition of remaining 60% stake in Shandong Lukang Zhonghe Environmental Protection Technology Co., Ltd. from Hualu Holdings Co., Ltd. on August 26, 2021.