Guizhou Guihang Automotive Components Co.,Ltd (SHSE:600523) agreed to acquire an additional 28.2% stake in Shanghai Hongyang Sealed Element Co., Ltd. from Shanghai Malu Asset Management Co., Ltd. on March 16, 2021. Post completion, Guizhou Guihang Automotive Components Co.,Ltd hold 76.19% stake in Shanghai Hongyang Sealed Element Co., Ltd. The Board of Directors of Guizhou Guihang Automotive Components Co.,Ltd has approved the transaction.