Zhejiang Xiaowang Technology Co., Ltd. agreed to acquire 78.5% stake in Beijing Watertek Baiwang Technology Co., Ltd. from Beijing Watertek Information Technology Co., Ltd. (SZSE:300324) for approximately CNY 350 million on December 8, 2023. Beijing Watertek Baiwang Technology reported Total assets worth CNY 477.5 million and Total common equity of CNY 356.8 million on September 30, 2023. Transaction was already approved by Beijing Watertek Baiwang Technology's Board of director's.