Era Co., Ltd. (SZSE:002641) agreed to acquire a 6% stake in Zhejiang Yuanbang Intelligent Equipment Co., Ltd. from China ERA Plastic Industry Group Co., Ltd. for CNY 4.1 million on April 21, 2023. Post acquisition, Era Co., will hold 50.11% stake and China ERA Plastic will hold 49.89% stake. Transaction is approved by Era's board.

For the period ended March 31, 2023, Zhejiang Yuanbang Intelligent had CNY 99.08 million of total assets and CNY 68.37 million of net assets.