Hunan Yussen Energy Technology Co., Ltd. (SZSE:002986) agreed to acquire 10% stake in Huizhou Boke Environmental Protection New Material Co., Ltd. from Hu Xiannian for CNY 10 million on August 8, 2022. Huizhou Boke Environmental Protection New Material generated Total assets of CNY 587.8 million and Total owners' equity of CNY 160.9 million for June 2022. Hunan Yussen Energy Technology Co., Ltd.'s board of directors approved the deal. The transaction is still subject to the approval of the general meeting of shareholders before it can be implemented.