Shenzhen Kexin Communication Technologies Co.,Ltd (SZSE:300565) agreed to acquire additional 15.15% stake in Guangdong Kexin Juli New Energy Co., Ltd. from Shenzhen Huishengda Investment Partnership Enterprise (Limited Partnership) for CNY 1 on July 11, 2022. The transaction has been approved by board of directors of Shenzhen Kexin Communication Technologies and is subject to approval of shareholders of Shenzhen Kexin Communication Technologies. As on July 27, 2022, Shenzhen Kexin's shareholders have approved the transaction.

Guangdong Kexin Juli New Energy recorded total assets of 11.4 million and net liabilities of 3.4 million as of December 31, 2021