Tongling Jingda Special Magnet Wire Co., Ltd. (SHSE:600577) agreed to acquire 10% stake in Tongling Jingda Enameled Wire Co., Ltd., Tianjin Jingda Enameled Wire Co., Ltd., Guangdong Jingda Enameled Wire Co., Ltd. and Guangdong Jingxun Liya Special Wire Co., Ltd. from Liya Magnet Wire Co., Ltd. on November 25, 2022. The transaction was approved by Tongling Jingda Special Magnet Wire Co., Ltd. 12th Meeting of the 8th Directorate and 3rd Extraordinary Shareholders.