Xiangguang Energy (Guangdong) Co., Ltd. intends to sign a equity transfer agreement to acquire Huizhou Haoningda Technology Co., Ltd. from Shenzhen Hemei Group Co.,LTD. (SZSE:002356) for CNY 110 million on May 31, 2023. For the year nded March 31, 2023, Huizhou Haoningda Technology Co., Ltd. reported total assets of CNY 100 million and net assets of CNY 86.63 million. The transaction has been aproved b ythe board of Shenzhen Hemei Group Co.,LTD.