Will Shandong Huapeng reorganize its assets in 2022?

Yes Shandong Huapeng Glass Co., Ltd. is located in Rongcheng, the easternmost coastal city of Jiaodong Peninsula. The company will reorganize its assets in 2022, and the leading product is "Shidao" brand daily-use glass products. Asset reorganization refers to the process that the owners, controllers and economic entities outside the enterprise reorganize, adjust and allocate the distribution state of enterprise assets, or reconfigure the rights set on enterprise assets.