In September, Hubei Yihua completed the debt-to-equity swap of Xinjiang Yihua. The company’s shareholding in Xinjiang Yihua increased from 19.9% to 35.597%.

In April, Stanley was introduced to increase the capital and expand share of Songzi Fertilizer, and 49% of the equity of Songzi Fertilizer was transferred, fully leveraging and integrating resource advantages of all parties to promote the construction of new energy battery material precursor projects and new fertilizer projects.