On October 10, Red Lion Holding Group Co., Ltd. issued an announcement on the progress of major investment.
Hongshi Holding Group Co., Ltd. (Hereinafter referred to as "Hongshi Group", the "Issuer", the "Company" or the "Transferee") acquired Asia Silicon (Qinghai) Co., Ltd. (Hereinafter referred to as "Asia Silicon" or the "Target Company") by way of share transfer. The specific situation of this matter has been disclosed by the issuer through the Announcement on Major Investment of Red Lion Holding Group Co., Ltd. on March 24, 2023.
As of the date of this announcement, the basic information of the Target Company is as follows:
The following is the full text of the announcement: