Guangzhou Suikai Shunhui Industrial Investment Fund Partnership Enterprise (Limited Partnership) agreed to acquire 2.1804% stake in KH Automotive Technologies (Zhejiang) Co., Ltd. from ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) for CNY 93.01 million on May 15, 2024. The consideration consists of CNY 93.01 million in cash.

As part of the consideration, CNY 93.01 million was paid towards common equity. As of March 31, 2024, KH Automotive Technologies (Zhejiang) Co., Ltd. reported total assets of CNY 1.8 billion, and net assets of CNY 880 million. The deal has been approved by board of directors of ZHEJIANG NARADA POWER SOURCE Co.

, Ltd. (SZSE:300068).