Huizhou Puzheng Investment Co., Ltd. agreed to acquire 30% stake in Guangdong Desay Sip Technology Co., Ltd. from Shenzhen Desay Battery Technology Co., Ltd. (SZSE:000049) for approximately CNY 110 million on December 26, 2023. The consideration consists of CNY 106.9 million in cash. Guangdong Desay SIP Technology Co., Ltd reported total total assets of CNY 2.16 billion and net assets of CNY 133.91 million on September 30, 2023.

As of January 4, 2024, the Shenzhen Desay Battery Technology meeting of the 10th Board of Directors on December 26, 2023, and reviewed and approved the Transfer of Guangdong Desay Sip Technology.