Sichuan Shudao Equipment & Technology Co.,Ltd. (SZSE:300540) agreed to acquire 49% stake in Chengdu Shenleng Clean Energy Development Co., Ltd. from Guo Jianwei on March 28, 2024. The consideration consists of CNY 4.25 million in cash. As part of the consideration, CNY 4.25 million was paid towards common equity.

Prior to the transaction, Sichuan Shudao Equipment & Technology Co.,Ltd. (SZSE:300540) held 51%. On March 28, 2024, Sichuan Shudao Equipment & Technology Co.,Ltd. (the Company) held the 28th meeting of the 4th board of directors, in which the transaction was approved.