Jiangsu Fenghui New Energy Development Co., Ltd. signed a share transfer agreement to acquire 6.81% stake in Suzhou Sunmun Technology Co., Ltd. (SZSE:300522) from Lu Shiming for approximately CNY 260 million on December 14, 2023. Jiangsu Fenghui will pay CNY 11.80 per share as consideration. Completion is subject to approval by Shenzhen Stock Exchange.