Zheng Ende signed an agreement to acquire a 5.61% stake in Zhejiang Baida Precision Manufacturing Corp. (SHSE:603331) from Taizhou Chuangli New Material Technology Co., Ltd. for CNY 100 million on August 29, 2022. The consideration shall be paid within 30 days of completion of transfer.

Zheng Ende completed the acquisition of a 5.61% stake in Zhejiang Baida Precision Manufacturing Corp. (SHSE:603331) from Taizhou Chuangli New Material Technology Co., Ltd. on October 11, 2022. Taizhou Chuangli New Material Technology Co., Ltd. now holds 2.98% stake in Zhejiang Baida Precision.