Guangzhou Jinzhong Auto Parts Manufacturing Co., Ltd. (SZSE:301133) agreed to acquire remaining 40% stake in Guangzhou Huaxin Composite Materials Technology Co., Ltd. from Zhou Jian,Guangdong Hongsheng New Energy Investment Co., Ltd. and Guangzhou Deyi New Materials Partnership (Limited Partnership) for CNY 1.75 million on May 29, 2024. Prior to the transaction, Guangzhou Jinzhong Auto Parts Manufacturing Co., Ltd. (SZSE:301133) held 60%. As of March 31, 2024, Guangzhou Huaxin Composite Materials Technology Co., Ltd. generated total assets of CNY 4.7 million and net assets of CNY 3.1 million.