Ningju Yingshanhong No. 1 Private Equity Securities Investment Fund managed by Ningbo Ningju Asset Management Center (Limited Partnership) agreed to acquire 5% of stake in ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) from Hangzhou Nandu Power Supply Co., Ltd. for approximately CNY 870 million on January 14, 2023. The transfer unit price is CNY 20.16.

Ningju Yingshanhong No. 1 Private Equity Securities Investment Fund managed by Ningbo Ningju Asset Management Center (Limited Partnership) completed the acquisition of 5% of stake in ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) from Hangzhou Nandu Power Supply Co., Ltd. on February 7, 2023.