On October 11, Shell announced that Shell and Love Space signed an equity acquisition agreement, and after the completion of the acquisition, Love Space will become its wholly-owned subsidiary, and the transaction consideration will not exceed 1.55 billion yuan. Subject to completion of closing conditions, the transaction is expected to close in the first half of 2024.

The announcement said that love space is a one-stop packaging service enterprise in the industry, which will further enrich shell's home improvement brand and product matrix to meet the needs of a wider group of users.