Wuxi Autowell Technology Co.,Ltd. (SHSE:688516) agreed to acquire POLAR NEW ENERGY (BENGBU) CO Ltd. from Shanghai Dingfu Technology Co., Ltd. for CNY270 million on August 17, 2023. This transaction has been reviewed and approved during the 38th meeting of the 3rd directorate of the Wuxi Autowell Technology Co.,Ltd. (SHSE:688516), and does not need the shareholders' approval and government department approvals.