Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. (SHSE:603701) agreed to acquire 60% stake in Chongqing Pulaien Zhongli Auto Parts Co., Ltd. from Chen Feiying, Wang Maoqiang, Chen Zhongquan, Qian Wei, Jiangxi Sanlian Trading Co., Ltd, Yiwu Xinyang Import & Export Co., Ltd. and Chongqing Youyue Zhixing Enterprise Management Co., Ltd. for CNY 63 million on February 18, 2022. The deal is subject to approval from Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. (SHSE:603701) board. As of February 18, 2022 Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. (SHSE:603701) board approved the deal.