Hangzhou Zhongya Machinery Co., Ltd. (SZSE:300512) signed the Equity Transfer Agreement to acquire 18% stake in Nanjing Gerui Intelligent Equipment Co., Ltd. from Aibin He for CNY 1.8 million on January 28, 2022. The ninth meeting of the fourth board of directors and the seventh meeting of the fourth board of supervisors on January 28, 2022. The financials as for 2021, recorded as revenue of CNY 20.4 million, total assets of CNY 21.3 million, net assets of CNY 5.2 million and net income of CNY 0.07 million.