Cloud Live Technology Group Co.,Ltd. (SZSE:002306) signed a contract to acquire 35% stake in Tongling New Energy Technology (Gaoyou) Co., Ltd. from Tongling New Energy (Yangzhou) Co., Ltd. on November 25, 2022. Upon completion, Tongling New Energy (Yangzhou) Co., Ltd. will hold 31.67% stake in Tongling New Energy Technology (Gaoyou) Co., ltd.