Guangdong Kingshine Electronic Technology Co.,Ltd. (SZSE:300903) signed Share Transfer Agreement to acquire 51% stake in Jiangsu Shengxing Fuhua New Energy Technology Co., Ltd. from Zhu Yongfu, Liu Xingquan, He Zhenhua and Zhang Xuelin for CNY 53.55 million on January 30, 2023. For the year ended, November 30, 2022, Jiangsu Shengxing Fuhua New Energy Technology Co., Ltd. total asset is CNY 31.03 million and net asset is CNY 28.64 million. The transaction was approved by 6th Meeting of the Guangdong Kingshine Electronic Technology Co., Ltd. 2nd Directorate.