Anhui Xinli Finance Co., Ltd. (SHSE:600318) intends to acquire additional 75.6% stake in Shenzhen Bak Power Battery Co., Ltd. on November 24, 2021. The transaction has ben approved by board of Anhui Xinli Finance Co., Ltd. Huaan Securities Co., Ltd. acted as the financial advisor to Anhui Xinli Finance Co., Ltd.

Anhui Xinli Finance Co., Ltd. (SHSE:600318) cancelled the acquisition of additional 75.6% stake in Shenzhen Bak Power Battery Co., Ltd. on march 31, 2022. Anhui Xinli Finance and Shenzhen Bak Power Battery could not reach an agreement and agreed to terminate the agreement.