Suzhou Jintuoling Logistics Co., Ltd. entered into equity transfer agreement to acquire 40% stake in Ningbo Fudajintuoling New Type Energy Co., Ltd. from Ningbo Fuda Company Limited (SHSE:600724) for CNY 41.5 million on March 8, 2024. Ningbo Fudajintuoling reported total assets of CNY 498.7 million, net assets of CNY 79.8 million, operating revenue of CNY 1.5 billion and net loss of CNY 28.5 million. The board of directors of Ningbo Fuda approved the deal.