Heilongjiang Transport Development Co., Ltd. (SHSE:601188) and Ningbo Shanshan Venture Capital Co., Ltd agreed to acquire Heilongjiang Nuokang Graphite New Material Technology Co., Ltd. from Heilongjiang Transportation Investment Group Co., Ltd. for CNY 34.4 million on March 4, 2024. As of September 30, 2023, Heilongjiang Nuokang Graphite New Material Technology Co., Ltd. generated total assets of CNY 33 million and net assets of CNY 28.5 million. The transaction is approved by board of directors of Heilongjiang Transportation Investment Group Co., Ltd.