Weifu High-Technology Group Co., Ltd. (SZSE:000581) agreed to acquire an unknown stake in Wuxi Auto-link World Information Technology Co.,Ltd. from Hubei Changjiang Weilai New Energy Industry Development Fund Partnership (Limited Partnership) for CNY 7 million on May 14, 2024. The consideration consists of CNY 7 million in cash. As part of the consideration, CNY 7 million was paid towards common equity.

In related transaction Weifu High-Technology Group's wil also carry out a Capital increase. Weifu High-Technology Group will carry out the acquisition with its own funds. Transaction has already been approved by Weifu High-Technology Group's board of director's.