Guangzhou Chuangxing New Energy Investment Partnership (Limited Partnership) signed share transfer agreement to acquire 5% stake in Farasis Energy (Gan Zhou) Co., Ltd. from Farasis Energy (Asia Pacific) Limited and Ganzhou Fuchuang Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 1.7 billion.

Farasis Energy Gan Zhou Co Ltd is a China-based company mainly engaged in the research, development, production and sales of lithium-ion power batteries for new energy vehicles and battery systems for complete vehicles. The Company also provides integrated solutions for power batteries for new energy vehicle manufacturers. The Company's main products are batteries, modules and battery packs for ternary soft pack power batteries. Its products are used in new energy passenger vehicles, new energy special vehicles and electric motorcycles. The Company conducts its businesses within the domestic market and to overseas markets.