Chengdu Xuguang Electronics Co., Ltd. (SHSE:600353) intends to acquire an additional 8% stake in Chengdu Xuci New Material Co., Ltd. from Guangzhou Zhishuo Business Partnership (Limited Partnership) for CNY 5.6 million on January 12, 2022. The transaction has been approved by the board of directors of Chengdu Xuguang Electronics Co., Ltd. As of December 31, 2021, the target company had total assets of CNY 44.3832 million, net assets of CNY 9.8028 million, operating income of CNY 1.1766 million, and net profit of CNY (4.4972) million. Sichuan Huaxin (Group) acted as accountant to Chengdu Xuguang Electronics.