Tianjin Zhongyuan Star Investment Co., Ltd signed equity transfer agreement to acquire Cangzhou Pangda Industrial Co., Ltd. from Pang Da Automobile Trade Co., Ltd (SHSE:601258) for CNY 342.137 million on June 14, 2022. The transfer price is used to offset the loan. Cangzhou Pangda Industrial Co., Ltd. reported revenues of CNY 168.0877 million on May 31, 2022.