Weifu High-Technology Group Co., Ltd. (SZSE:200581) entered into an agreement to acquire 9.32% in Wuxi Auto-link World Information Technology Co.,Ltd. from Yang Hongze, Beijing Shun Hengda Automobile Electronics Co., Ltd., Lited Group Co., Ltd., Beijing Cherongtong Investment Management Co., Ltd. and Qin Zhi for CNY 38.5 million on June 18, 2021. Upon completion, Yang Hongze will own 19.6%, Beijing Cherongtong will own 3.39%, Lited Group will own 1.36% and Qin Zzhi will own 1.13% stake in Wuxi Auto-link. The board of directors of Weifu High-Technology approved the acquisition.