Jiangsu Asset Management Co.,Ltd. intends to acquire a 10% stake in Wuxi Jintou Guotai Financial Leasing Co., Ltd. from Jiangsu Xinri E-Vehicle Co., Ltd. for CNY 21.8 million on October 19, 2022. Transaction is approved by Jiangsu Xinri E-Vehicle's board of directors. The transfer price is subject to the approval of Wuxi State-owned Assets Supervision and Administration Commission. For the period March 31, 2022, Wuxi Jintou Guotai had CNY 661.03 million of total assets and CNY 661.031 million of net assets. As of February 2, 2023, the equity transfer has been approved, and the company received the corresponding equity transfer price of CNY 21.8 million.

Jiangsu Asset Management Co.,Ltd. completed the acquisition of 10% stake in Wuxi Jintou Guotai Financial Leasing Co., Ltd. from Jiangsu Xinri E-Vehicle Co., Ltd. on March 8, 2023.