Ruyi Group announced that the proposed assets for the company and Ruyi new materials part of the accounts receivable, inventory, the book value of a total of 984 million yuan. The proposed asset is Wanzhong Entrepreneurship to hold 984 million yuan worth of shares in Foshan Leica. Foshan Leica's main business is for the promotion of new materials technology, synthetic fiber manufacturing, bio-based materials manufacturing, synthetic materials manufacturing. The original shareholders increase the capital of Foshan Laika with fixed assets, intangible assets and related business such as land, plant, equipment and so on. After the completion of the capital increase, Foshan Leica can achieve a net profit of about 300 million yuan a year. The placement of assets can promote the company to quickly enter the high-end fiber new materials industry, broaden the scope of operation of the company, achieve transformation and upgrading, and promote the sustainable development of the company.