Suzhou SLAC Precision Equipment CO.,Ltd. (SZSE:300382) agreed to acquire 55% stake in Changzhou Hesheng New Energy Technology Co., Ltd from Dongguan ALI System CO., LTD on June 27, 2022. Board of directors of Suzhou SLAC Precision Equipment CO.,Ltd approved the transaction. As of March 31, 2022, Changzhou Hesheng New Energy Technology Co., Ltd reported total assets of CNY 226.04 million and total common equity of CNY 66.71 million.