TBEA Co., Ltd. (SHSE:600089) entered into an agreement to acquire Wuqi Huaguang New Energy Co., Ltd. from Shaanxi Tbea New Energy Co., Ltd. for CNY 34.79 million on January 6, 2023. Wuqi Huaguang recorded net losses after tax of CNY 58.27 million for the year ended March 31, 2022.