Hainan Drinda Automotive Trim Co.,Ltd. (SZSE:002865) entered into an agreement to acquire 47.35% stake in Shangrao Jietai New Energy Technology Co., Ltd. from Shangrao Hongfu Photovoltaic Industry Center for approximately CNY 1 billion on July 16, 2021. The shareholders of Shangrao Jietai, board of directors of Hainan Drinda and Assets Supervision and Aadministartion Officer approved the deal. The transaction is subject to Hainan Drinda's shareholders' general meeting deliberation and approval.