Suzhou Tainwin Power Technology Co., Ltd. agreed to acquire Shenchuangborui New Material Co., Ltd. from Shenyu Communication Technology Inc. (SZSE:300563) and Zhang Peiliang for approximately CNY 100 million on November 2, 2023. As of July 31, 2023, Shenchuangborui New Material Co., Ltd. generated total assets of CNY 52.6 million and net assets of CNY 51.2 million. The transaction is approved by board of directors of Shenyu Communication Technology Inc.

Suzhou Tainwin Power Technology Co., Ltd. completed the acquisition of Shenchuangborui New Material Co., Ltd. from Shenyu Communication Technology Inc. (SZSE:300563) and Zhang Peiliang on February 1, 2024.