Zhuji Fuying Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Chen Wenxiao, and Ye Jianlong entered into Share transfer agreement to acquire 24% stake in Hengchuang Zhixing (Zhejiang) Electric Control System Co., Ltd. from Zhejiang Jingzhi Automotive Control System CO., Ltd. and Zhejiang VIE Science & Technology Co., Ltd. (SZSE:002590) for CNY 12 million on February 5, 2024. As of December 31, 2023, Hengchuang Zhixing (Zhejiang) Electric Control System reported total assets of CNY 56.9 million, net assets of CNY 14.7 million, operating revenues of CNY 1.6 million, operating profit of -CNY 48.8 million, and net profit of -CNY 49.1 million.