[Songfa shares: proposed acquisition of controlling shares of Lithium Battery company Anhui Livion]-according to the announcement of the shares, Songfa is planning to pay Ningbo Livineng 51% to 76.92% of its shares in cash. Upon completion of the transaction, Anhui Liveneng will become a controlling subsidiary of the company. It is understood that by the end of 2022, Anhui Livineng has built eight advanced intelligent lithium battery production lines to produce 4GWh, and has started the construction of the second phase of the project. At the same time, Lin Daofan, a shareholder of Songfa shares, intends to transfer his 21.1% shares in the company to Ningbo Livereng by agreement.