Hybrid Kinetic Group Limited (SEHK:1188) agreed to acquire Hanxilong Auto Parts (Shanghai) Co., Ltd. from West Shanghai Automotive Service Co.,Ltd. (SHSE:605151), Chang HC, Tsai Li Shu, Chang Hsin Yin and others for approximately HKD 390 million on August 28, 2022. The long stope date is November 30, 2022. As of March 8, 2023, As additional time is required for the fulfillment of the conditions precedent under the sale and purchase agreement, Hybrid Kinetic Group Limited, West Shanghai Automotive Service, Chang HC, Tsai Li Shu, Chang Hsin Yin and others entered into a supplemental agreement on March 1, 2023, pursuant to which parties agreed to extend the long stop date from November 30, 2022 to August 31, 2023.