Sunyes Manufacturing (Zhejiang) Holding Co., Ltd. (SZSE:002388) acquired remaining 49% stake in Zhejiang Sunyes Zhongning New Energy Co., Ltd. from Shanghai Ruiqing Enterprise Development Co., Ltd. for CNY 1 on June 14, 2023. The transaction has been approved by shareholders and board of Sunyes Manufacturing (Zhejiang) Holding Co., Ltd.