Mianyang Fulin Precision Machining Co., Ltd. (SZSE:300432) agreed to acquire 9% stake in Qinghai Hengxin Rongliye Technology Co., Ltd. from Chen Wei for approximately CNY 300 million on September 12, 2021. Within 3 working days after the completion of equity delivery, Mianyang Fulin Precision Machining Co., Ltd. (SZSE:300432) will make a one time payment of the transfer price. As of June 30, 2021, Qinghai Hengxin Rongliye Technology Co., Ltd. recorded total assets of CNY 963 million.