Shenzhen Fangfu Industrial Co., Ltd. agreed to acquire a 13.11% stake in GuangDong ShaoNeng Group Co., Ltd. (SZSE : 000601) from Shenzhen Hualitong Investment Co., Ltd. for CNY 1.3 billion on June 17, 2022. Shenzhen Fangfu won auction to buy 141,612,134 shares, representing approximately 13.11% stake in GuangDong. The Shenzhen Intermediate People's Court approved the auction.