SHENGHUI CLEAN (02521) experienced a sharp decline of over 22%. As of the time of writing, the stock was down 22.64%, trading at HK$0.82, with a turnover of HK$7.1139 million. The sell-off follows an announcement released on the evening of January 16, in which SHENGHUI CLEAN disclosed that Chen Liming, a major shareholder and executive director, sold a total of 370 million shares, representing 19% of the company's share capital, to Dongguan Huali Industries Co., Ltd. (603038.SH). Upon completion of the transaction, the buyer will become a major shareholder of the company, holding a 19% stake, while the seller's shareholding will be reduced to 6.3%. Notably, this marks the second acquisition plan proposed by Huali Industries within the last three months. Huali Industries announced that it received an inquiry letter from the Shanghai Stock Exchange on the 18th regarding the acquisition matter. The Shanghai Stock Exchange has requested that Huali Industries provide supplementary disclosures detailing the specific processes of both the previously planned and terminated acquisition and the current one, including the specific steps and progress of the transactions, key timelines, and the scope of personnel informed and involved.