Higasket Plastics Group Co., Ltd. agreed to acquire Anhui Hehui Jinyuan Technology Co., Ltd. from Anhui Tongfeng Electronics Company Limited (SHSE:600237) for CNY 33.1 million on December 25, 2020. As of December 30, 2020, Anhui Tongfeng Electronics Company Limitedhas received all the equity transfer payment from Higasket Plastics Group Co., Ltd. After the completion of this transaction, Anhui Hehui Jinyuan Technology Co., Ltd. will no longer be included in Anhui Tongfeng Electronics Company Limited consolidated financial statements. On December 11, 2020, Anhui Tongfeng Electronics Company Limited at the second meeting of the Ninth Session of the Board of Directors deliberated and approved the public listing and transfer of 100% equity of the wholly-owned subsidiary Anhui Hehui Jinyuan Technology Co., Ltd.