Zhejiang Times Jintai Environmental Technology Co., Ltd. agreed to acquire Wolong Electric Yinchuan Transformer Co., Ltd. from Red phase INC. (SZSE:300427) for ¥330 million on November 24, 2023.On November 24, 2023, the 29th session of the company?s 5th directorate and the 20th session of the company?s 5th supervisory board approved the