Zhitong Financial APP News, Bethel (603596.SH) announcement On April 7, 2022, Wuhu Ruizhi Lianeng Technology Co., Ltd. (hereinafter referred to as "Ruizhi Lianeng") and Zhejiang Wanda Automotive parts Co., Ltd., Chen Wei, Hua Weijuan, Chen Xiaojia and Hangzhou Chanda Investment Management Co., Ltd. jointly signed the Equity transfer Agreement on the acquisition of Zhejiang Wanda Automobile steering engine Co., Ltd. The acquisition of Wanda parts'65 per cent stake in Wanda, of which the company acquired 45 per cent of Wanda's shares (corresponding to 86.31 million shares) with its own capital of 208 million yuan.

Recently, the company received the decision not to carry out further examination in the anti-monopoly review of operator concentration issued by the State Administration of Market Supervision and Administration.