Zhejiang Dingdu Yunxiang Travel Co., Ltd., Cheng Xianghong and Tongxiang Xinxiang Enterprise Management Partnership Enterprise (Limited Partnership) entered into share transfer agreement to acquire 29.99% stake in Zhejiang Fenglong Electric Co., Ltd. (SZSE:002931) from Shaoxing Chengfeng Industrial Co., Ltd. for approximately CNY 790 million on February 5, 2024.