Shenzhen Fluence Technology PLC. (SZSE:300647) agreed to acquire 73% stake in Jiangxi Sandun Lithium Industry Co., Ltd. from Hezhou Xinlida Equity Investment Partnership (Limited Partnership) and Liu Ruo for CNY 11 million on January 30, 2024. Jiangxi Sandun Lithium Industry reported total assets of CNY 95,954,200 and net assets of CNY 12,295,700 as at September 30, 2023.

The transaction has been approved by board of Shenzhen Fluence Technology on January 30, 2023.