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Neostar United Industrial Co., Ltd. takeover of Changzhou Zhendi Chemical Co., Ltd.

On August 12, 2015, Neostar United Industrial Co., Ltd.and Changzhou Zhendi Chemical Co., Ltd. signed the equity transfer agreement. According to the agreement, Changzhou Zhendi Chemical Co., Ltd. transfer 85% shares to Neostar United Industrial Co., Ltd. The acquisition will help company integrate chemical business resources in the future, improve the whole asset 

quality and sustained profitability of the company, laying a foundation for successful implementation strategies for the company.

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