Ningbo Development & Investment Energy Group Co., Ltd. entered into an agreement to acquire 65% stake in Ningbo Energy Industry Co., Ltd. from Ningbo Energy Group Co.,Ltd. (SHSE:600982) for CNY 66.04 million on August 31, 2023. As of June 30, 2023, Ningbo Energy Industry reported total assets of CNY 468.4 million and net assets of CNY 101.5 million.