On February 25th, Bethel made public its intention to collaboratively enter into the 'Share Transfer Agreement for Acquiring a Controlling Interest in Yubei Steering System Co., Ltd.' alongside shareholders of Yubei Steering System Co., Ltd. These shareholders encompass Junhong Industrial Co., Ltd., Ningbo Fengyuan Equity Investment Partnership, Hefei Huaxinyunxiang Automotive Electronics Investment Partnership, and Hefei Industrial Investment High Growth No.1 Equity Investment Partnership. The objective is to collectively acquire a 50.9727% shareholding in Yubei Steering from these transferring parties. Following the acquisition's culmination, Bethel is set to emerge as the principal shareholder of Yubei Steering. Yubei Steering stands out as a premier automotive components provider, dedicated to the innovation, development, and manufacturing of automotive steering system solutions. It showcases robust operational prowess, a prestigious clientele, and formidable technical acumen, with its core offerings encompassing electronic power steering systems, hydraulic power steering systems, and steering system components.