China Great Wall Asset Management Co., Ltd. agreed to acquire 7% stake in Yuancheng Environment Co., Ltd. (SHSE:603388) for approximately CNY 120 million on June 2, 2021. China Great Wall Asset Management Co., Ltd. will acquire 20 million shares.

China Great Wall Asset Management Co., Ltd. completed the acqusition of 7.01% stake in Yuancheng Environment Co., Ltd. (SHSE:603388) from Zhu Changren on December 23, 2021. Post completion, Zhu Changren hold 80.4 million shares representing 28.2% stake of Yuancheng Environment Co., Ltd.