Zhuhai Huafa Urban Research Institute Co., Ltd. and Zhuhai Huafa Entity Industry Research Institute Co., Ltd. agreed to acquire 20% of stake in Zhuhai Huafa New Technology Investment Holding Co., Ltd from Zhuhai Huajin Capital Co., Ltd. (SZSE:000532) for CNY 22 million on November 28, 2022. Zhuhai Huafa New Technology has a total assets of CNY 183.8472 million and net assets of CNY 85.4354 million as of September, 2022.