Shenzhen Manst Technology Co., Ltd. (SZSE:301325) agreed to acquire 51% stake in Hunan Ancheng New Energy Co., Ltd. from Shenzhen Xinwei Investment Development Co., Ltd. for CNY 10.2 million on October 16, 2023. As of June 30, 2023, Hunan Ancheng New Energy Co., Ltd reported total assets of CNY 24.8 million and net assets of CNY 2.8 million. The deal has been approved by board of directors of Shenzhen Manst Technology Co., Ltd.