Hainan Zhongde Technology Co., Ltd. entered into an agreement to acquire 29.99% stake in Suzhou Jin Hong Shun Auto Parts Co., Ltd. (SHSE:603922) for CNY 750 million on September 26, 2021. In a related transaction, An unknown buyer signs agreement to acquire 19.99% stake in Suzhou Jin Hong Shun Auto Parts Co., Ltd. (SHSE:603922) for approximately 450 million.

Hainan Zhongde Technology Co., Ltd. completed the acquisition of 29.99% stake in Suzhou Jin Hong Shun Auto Parts Co., Ltd. (SHSE:603922) on April 7, 2022.