Sunwoda Electronic Co.,Ltd (SZSE:300207) agreed to acquire 10% stake in Zhejiang Weiming Shengqing Energy New Material Co., Ltd. from Chengtun Mining Group Co., Ltd. (SHSE:600711) for CNY 0 on August 4, 2022. The transaction is within the scope of board of directors and does not need to be submitted to shareholders for deliberation. The board of Sunwoda Electronic has reviewed and approved the transaction.