Shanghai Chuangli Group Co., Ltd. (SHSE:603012) entered into Share Purchase Framework Agreement to acquire 51% stake in Shanghai SH-Driver Electric Limited Co.,Ltd. from Zheng Changlu and Liu Yi on April 10, 2024. As of December 31, 2023, Shanghai SH-Driver Electric Limited Co.,Ltd reported total assets of CNY 330 million, net assets of CNY 130 million, operating revenue of CNY 240 million, and net profit of CNY 42.6 million.