Zhejiang Jingzhi Automobile Control System Co., Ltd agreed to acquire 55% stake in Hande VIE (Shanghai) Electric Control System Co., Ltd. from Zhejiang VIE Science & Technology Co., Ltd. (SZSE:002590), Haldex Brake Products AB and Hande Automotive Products (Suzhou) Co., Ltd for ¥8.8 million on May 31, 2023. The transaction is approved by board of directors of Zhejiang VIE Science & Technology Co., Ltd.