Chongqing Sifang New Material Co., Ltd. (SHSE:605122) agreed to acquire 82% stake in Chongqing Qingyihui Industrial Co., Ltd. from Wang Wuming, Wang Jishen, Wang Guanggen, Tian Lingwei, Li Jinxiang and Beijing Pacific Technology Co., Ltd. on June 25, 2022. Wang Wuming holds 40% equity; Wang Jishen, Wang Guanggen and Tian Lingwei each hold 15% equity, Li Jinxiang holds 10% equity, Prosofco holds 5% equity