ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) and Jieshou Rongcheng Hi-tech Equity Investment Fund Partnership Enterprise (Limited Partnership) acquired 8.89% stake in Anhui Nandu Huatuo New Energy Technology Co., Ltd. from Jieshou Guoyuan Hi-tech Industrial Fund Co., Ltd for CNY 200 million on December 27, 2023. Prior to the transaction, ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) held 71.11% and Jieshou Rongcheng Hi-tech Equity Investment Fund Partnership Enterprise (Limited Partnership) held 20%. Anhui Nandu Huatuo New Energy Technology reported total assets of CNY 1,621,575,800 and net assets of CNY 349,448,600 as at September 30, 2023.

ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) and Jieshou Rongcheng Hi-tech Equity Investment Fund Partnership Enterprise (Limited Partnership) completed the acquisition of 8.89% stake in Anhui Nandu Huatuo New Energy Technology Co., Ltd. from Jieshou Guoyuan Hi-tech Industrial Fund Co., Ltd on December 27, 2023.