Shengtak New Material Co., Ltd (SZSE:300881) signed the asset acquisition agreement to acquire 51% stake in Jiangsu Rovma Auto Parts Co., Ltd. from Wu Kehua, Luo Yingtao, Zhu Cailin and Ke Dongyun for approximately CNY 280 million on August 14, 2023. The transaction is approved by board of directors of Shengtak New Material Co., Ltd. As of March 31, 2023, Jiangsu Rovma Auto Parts Co., Ltd. generated total assets of CNY 592.3 million and net assets of CNY 135.3 million.