Xionglian (Changzhou) Textile Printing and Dyeing Co., Ltd.

Yadong Group's indirect wholly-owned subsidiary Yadong (Changzhou) Technology Co., Ltd. agreed to acquire 100% of Xionglian (Changzhou) Textile Printing and Dyeing Co., Ltd. from Hong Kong Huahai Capital Investment Construction Management Co., Ltd. for CNY 80 million.