Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) signed a share transfer agreement to acquire CHS Packaging Technology (Shanghai) Co., Ltd. for CNY 17.1 million on August 19, 2020. For the year ending December 31, 2019, CHS Technology reported total assets worth CNY 65.9 million, owner’s liability of CNY 17.41 million, revenue worth CNY 101.64 million and a net profit of CNY 2.58 million. The transaction was approved by the 29th session of Shanghai Sunglow’s 2nd directorate and by the 22nd session of Shanghai Sunglow’s 2nd supervisory board. Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) completed the acquisition of CHS Packaging Technology (Shanghai) Co., Ltd. on September 9, 2020.