Ningbo Huaxiang Electronic: The board of directors of the company approved the proposal on the acquisition of Achim China's business. Achim Group is a global supplier of automotive parts and systems, and plans to sell its business in China for business strategy considerations. The company intends to acquire all the sold equity of Achim China through its wholly-owned subsidiary, Ningbo Huaxiang Autoparts Co., Ltd., at an estimated total acquisition price of about 600 million yuan. After the transaction is completed, it will improve the company's market share in the interior industry, especially in key customers, and achieve breakthroughs in products such as main and secondary dashboards, door panels, and effectively supplement the product blank of CPM (dashboard module).