Jiangsu Pacific Quartz Co., Ltd (SHSE:603688) agreed to acquire 51% stake in Jiangsu Pacific Quartz Co., Ltd (SHSE:603688) from Duan Jingqiang and Duan Jingbang for CNY 51 million on January 4, 2022. After this transaction Duan Jingqiang and Duan Jingbang will hold 29% and 20% equity respectively.