Shi Ningdi entered into an agreement to acquire 29.99% stake in Wuxi Honghui New Materials Technology Co., Ltd. (SZSE:002802) from Xiang Hongwei for CNY 850 million on August 23, 2023. Shi Ningdi will pay CNY 15.5472 per share as consideration.

Shi Ningdi cancelled the acquisition of 29.99% stake in Wuxi Honghui New Materials Technology Co., Ltd. (SZSE:002802) from Xiang Hongwei on November 23, 2023.