Xiangyang Bearing announced that the acquirer Changjiang Industrial Investment Group Co., Ltd. obtained control of the Sanhuan Group through a free transfer of state-owned shares, which led to an increase of 27.94% in the proportion of shares controlled indirectly in listed companies to 45.03%. The procedures that have yet to be implemented in this acquisition include: the operators involved in this acquisition have been centrally approved by the operators of the State Administration of Market Supervision and Administration. There is some uncertainty about whether the acquisition will be approved by the relevant departments and when it will be approved.

Xiangyang Bearing announced that the acquirer Changjiang Industrial Investment Group Co., Ltd. obtained control of the Sanhuan Group through a free transfer of state-owned shares, which led to an increase of 27.94% in the proportion of shares controlled indirectly in listed companies to 45.03%. The procedures that have yet to be implemented in this acquisition include: the operators involved in this acquisition have been centrally approved by the operators of the State Administration of Market Supervision and Administration. There is some uncertainty about whether the acquisition will be approved by the relevant departments and when it will be approved.