Jiangsu Daybright Intelligent Electric Co.,LTD. (SZSE:300670) signed an equity transfer agreement to acquire remaining 15% stake in Jiangsu Daybright Energy Storage Technology Co., Ltd. from Guangzhou Zhiguang Energy Storage Technology Co., Ltd. on November 4, 2020. Post completion, Jiangsu Daybright Energy Storage Technology Co., Ltd. will become wholly owned subsidiary of Jiangsu Daybright Intelligent Electric Co.,LTD.