Jiangsu Feymer Technology Co., Ltd. (SHSE:688350) agreed to acquire 8.5% of stake in Suzhou Yihe New Materials Venture Capital Partnership Enterprise (Limited Partnership) from Shanghai Qianyu Equity Investment Fund Management Co., Ltd. for CNY 17 million on February 28, 2023. Suzhou Yihe New Materials has a total assets of CNY 122 million, net assets of CNY 122 million and net loss of CNY 3.7 million in 2022. Board and shareholders of Jiangsu Feymer Technology approved the deal.