Shangrao Zhanhong New Energy Technology Center (Limited Partnership) agreed to acquire 5% stake in Hainan Drinda Automotive Trim Co.,Ltd. (SZSE:002865) from Hainan Yang Family Investment Co., Ltd. for CNY 170 million on July 16, 2021. Under the terms Shangrao Zhanhong New Energy Technology Center (Limited Partnership) will acquire 6.6 million shares. The transaction is subjected to the approval of shareholders of Hainan Drinda Automotive Trim Co.,Ltd. Luan Hongfei, Gao Zhenyu, Feng Zhexiao and Zhang Quansheng of Huatai United Securities Co., Ltd. acting as a independent financial advisor, Long Haitao, Dai Linxuan and Hou Yusang of Beijing Zhide Law Firm acting as a legal advisor and Yu Qiang, Shi Weicen and Sun Jianwei of Zhonghui Certified Public Accountants (Special General Partnership) and Zhang Xianyun, Ding Peng and Gong Hao of China Securities Tiantong Accounting Firm (Special General Partnership) as an accountant to Hainan Drinda Automotive Trim Co.,Ltd. for the transaction.