Hainan Drinda Automotive Trim Co., Ltd (SZSE:002865) signed an agreement to acquire 33.97% stake in Shangrao Jietai New Energy Technology Co., Ltd from Shangrao Jietai New Energy Technology Co., Ltd for CNY 1,053.07 million on June 15, 2022. Shangrao Jietai New Energy Technology Co., Ltd reported total assets of CNY 3,303.8712 million, revenue CNY 50,540.9659 million, operating profit CNY 263.8195 million and CNY 225.2658 million for the period of December 31, 2021. As of July 7, 2022, The board of Hainan Drinda Automotive Trim has approved the deal. Huatai United Securities Co., Ltd. acted as fairness opinion provider, Merits Tree Law Firm acted as Legal advisor, Zhonghui Certified Public Accountants (Special General Partnership) acted as accountant and China Securities Tiantong Accounting Firm (Special General Partnership) acted as accountant to Hainan Drinda Automotive Trim Co., Ltd (SZSE:002865).

Hainan Drinda Automotive Trim Co., Ltd (SZSE:002865) completed the acquisition of 33.97% stake in Shangrao Jietai New Energy Technology Co., Ltd from Shangrao Jietai New Energy Technology Co., Ltd for CNY 1,053.07 million on July 25, 2022