Guangdong Fangyuan New Materials Group Co., Ltd. (SHSE:688148) agreed to acquire 2.905% stake in Jiangmen Fangyuan Lithium Energy Technology Co., Ltd from Shenzhen Pandpower Company Limited for CNY 4.62 million on August 3, 2023. This transaction was deliberated and approved at the nineteenth meeting of the third board of directors of the company on August 3, 2023.