Fandi International Trade (Ningbo) Co., Ltd. agreed to acquire a 60% stake in Shenzhen Qixian New Material R&D Center Co., Ltd. from Ningbo Xianfeng New Material Co.,Ltd (SZSE:300163) for CNY 1.5 million on February 22, 2023. Transaction has been approved by Ningbo's board of directors. For the period September 30, 2022, had CNY 1.58 million of total assets and CNY 1.48 million of net assets.