Sany Heavy Industry Co.,Ltd agreed to acquire Yiyang Zhongsheng New Energy Co., Ltd. from Sany Heavy Energy Co., Ltd. for CNY 3.2 million on September 9, 2023. As of June 30, 2023, Yiyang Zhongsheng New Energy Co., Ltd. reported total assets of CNY 1.6 million and total common equity of CNY 0.15 million. The deal has been approved by board of directors of Sany Heavy Energy Co., Ltd.