Anhui Anfu Battery Technology Co., Ltd. (SHSE:603031) agreed to acquire 8.09% stake in Anhui Anfu Energy Technology Co., Ltd. from Ningbo Ruili Enterprise Management Partnership (Limited Partnership) and Ningbo Ruili Enterprise Management Partnership (Limited Partnership) for approximately CNY 280 million on December 7, 2023. Anhui Anfu Energy Technology Co., Ltd. reported Total assets worth CNY 6.57 billion and Total Common equity of CNY 3.4 billion on as of June 20, 2023. As of December 25, 2023, the transaction is approved by shareholders of Anhui Anfu Battery Technology Co., Ltd.