Beijing Zhichuang Tiandi Technology Development Co., Ltd. and Beijing Zhong Zhi Hong Yuan Data Information Technology Co., Ltd. proposed to acquire an additional 20% stake in Chongqing Wanli New Energy Co., Ltd. (SHSE:600847) on July 1, 2024. A cash consideration valued at CNY 7 per share will be paid by Beijing Zhichuang Tiandi Technology Development Co., Ltd. and Beijing Zhong Zhi Hong Yuan Data Information Technology Co., Ltd. As part of consideration, cash is paid towards common equity of Chongqing Wanli New Energy Co., Ltd. Upon completion, Beijing Zhichuang Tiandi Technology Development Co., Ltd. will own 10.76% and Beijing Zhong Zhi Hong Yuan Data Information Technology Co., Ltd. will own 10.89% stake in Chongqing Wanli New Energy Co., Ltd.