Sieyuan Electric Co., Ltd. (SZSE:002028) made a proposal to acquire additional 19.2% stake in GMCC Electronic Technology Wuxi Co., Ltd from Wang Junhua and Sun Wei for approximately CNY 290 million on February 20, 2023. Sieyuan Electric Co., Ltd. entered into a share transfer agreement to acquire additional 19.2% stake in GMCC Electronic Technology Wuxi Co., Ltd from Wang Junhua and Sun Wei on April 29, 2023.