Zhejiang Wandekai Valve Manufacturing Co., Ltd announced that it will receive issue common shares for CNY 33 million on April 25, 2024. The transaction includes participation from returning investor Zhejiang Wandekai Fluid Equipment Technology Co., Ltd. for CNY 30,100,000, will held 70% stake after closing the transaction and new investor Bao Fangding for CNY 12,900,000 for 30% stake. The transaction has been approved meeting held the 1st independent director meeting of the 3rd board of directors and at the 7th session of the 3rd directorate and the 7th session of the 3rd supervisory board and introduction of investor.