Wuzhou Dongtai State Asset Management Co., Ltd. agreed to acquire 7.7% stake in Huarui Electrical Appliance Co.,Ltd. (SZSE:300626) from Sun Ruiliang for approximately CNY 200 million on November 17, 2021.

Wuzhou Dongtai State Asset Management Co., Ltd. completed the acquisition of 7.7% stake in Huarui Electrical Appliance Co.,Ltd. (SZSE:300626) Sun Ruiliang on December 16, 2021.