Quzhou Zhibao Enterprise Management Partnership Enterprise (Limited Partnership) agreed to acquire 18.43% stake in Xinhu Zhongbao Co.,Ltd. (SHSE:600208) from Zhejiang Xinhu Group Co., Ltd. and Zhejiang Hengxing Power Holdings Group Co., Ltd. for CNY 3 billion on January 8, 2024. As of April 12, 2024, Quzhou Zhibao Enterprise Management acquired 7.05% stake in Xinhu Zhongbao from Zhejiang Xinhu Group.