On July 31st 2013, YTH Co. Ltd announced that its subsidiary Chongqing Polycomp International Corporation (hereafter referred as "CPIC") would acquire 100% interest of AGY Shanghai (AGY SH) at a purchasing price of 1 million USD dollars bearing all of its liabilities. CPIC is strongest among the mainland yarn manufacturers in terms of assets scale and technology and AGY SH is one of the few who is capable of producing high-quality fine fiberglass.

CPIC engaged Dragon Wings as its financial advisor in this transaction.