Zhejiang JIULI Hi-tech Metals Co.,Ltd (SZSE:002318) agreed to acquire 25% stake in Huzhou Jiuli Stainless Steel Material Co., Ltd. from Li Zhengying and Jian Xuming for CNY 4.9 million on August 29, 2023. As of June 30, 2023, Huzhou Jiuli Stainless Steel Material Co., Ltd. generated total assets of CNY 24.6 million and net assets of CNY 8.5 million.