Fei Huawu, Huang Shijun and Shanghai Landi Technology Partnership Enterprise (Limited Partnership) won the bid to acquire 11.765% stake in Shanghai Lanze Energy Technology Co., Ltd. from East China Engineering Science and Technology Co., Ltd. (SZSE:002140) for CNY 17.9 million on December 23, 2022. The Property Rights Transaction Contract was authenticated by the Shanghai United Assets and Equity Exchange on April 6, 2023. In this transaction, Fei Huawu will acquire 5.8825% for CNY 8.9436 million, Huang Shijun will acquire 4.706% for CNY 7.15488 million and Shanghai Landi Technology Partnership Enterprise will acquire 1.1765% for CNY 1.78872 million.

Fei Huawu, Huang Shijun, and Shanghai Landi Technology have paid a deposit of CNY 3 million within 5 working days from the contract signing date, Fei Huawu, Huang Shijun, and Shanghai Landi Technology will pay CNY 14.8872 million. The board of East China Engineering Science and Technology has approve the deal on December 23, 2022.