Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) and Tangshan Xinfeng Lithium Industry Co Ltd agreed to acquire 71% stake in Yifeng Shidai New Energy Materials Co., Ltd. from Yichun Shidai New Energy Resources Co., Ltd. for CNY 2 on September 7, 2022. Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) will acquire 61% for CNY 1 and Tangshan Xinfeng Lithium Industry Co Ltd 10% for CNY 1. This has been approved in the 37th Meeting of the Jiangsu Lopal 3rd Directorate and is subject to the Shareholders' Approval.

Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) and Tangshan Xinfeng Lithium Industry Co Ltd cancelled the acquisition of 71% stake in Yifeng Shidai New Energy Materials Co., Ltd. from Yichun Shidai New Energy Resources Co., Ltd. on October 31, 2022.