Feng Guo signed a Share Transfer Agreement to acquire a 6.97% stake in from Yu Yinglian for approximately CNY 230 million on July 25, 2022. Under the terms, Feng Guo will acquire 12 million shares at a price of 19.07 per share totaling CNY 228.84 million. Post completion, Feng Guo will own 6.97% and Yu Yinglian will own 14.43% stake in Chengdu Xiling Power Science & Technology.

Feng Guo cancelled the acquisition of 6.97% stake in from Yu Yinglian on October 24, 2022.