Xiong'an New Power Technology Co.,Ltd. (SZSE:300152) signed the Letter of Intent to acquire 60% stake in Tawa Technology Co., Ltd. from China Science Huitong (Xiamen) Equity Investment Fund Co., Ltd. and others shareholders for CNY 600 million on February 6, 2023. The issue price for this acquisition is not less than CNY2.70 per share. For the year ended, September 30, 2022, Tawa Technology Co., Ltd. total asset is CNY 1462.59 million and net asset is CNY 759.33 million.

The transaction was approved by Xiong'an New Power Technology Co.,Ltd. 17th meeting of the fifth session of the board of directors. Still needs to be approved by Xiong'an New Power Technology Co.,Ltd. another directorate, Shenzhen Stock Exchange and CSRC.