Nanning Industrial Investment New Energy Vehicle Investment Co., Ltd. singed share transfer agreement to acquire 5.7% stake in Guangxi Nannan Aluminum Foil Co., Ltd. from Nanning Sugar Industry Co., Ltd.(SZSE:000911) for CNY 11.1 million recently. Nanning Industrial Investment New Energy Vehicle Investment Co., Ltd. completed the acquisition of 5.7% stake in Guangxi Nannan Aluminum Foil Co., Ltd. from Nanning Sugar Industry Co., Ltd.(SZSE:000911) on November 16, 2021. As of October 18, 2021, the full transaction amount was paid. Recently, the industrial and commercial registration procedures for the 5.65% equity of Guangxi Nannan Aluminum Foil Co., Ltd. held by the company have been completed.