Shanghai Hengwei Future Enterprise Management Co., Ltd. and Yi Ying signed the Equity Transfer Agreement to acquire 9.8743% stake in Shanghai Raysoar Electronics Co., Ltd. from EmbedWay Technologies (Shanghai) Corporation (SHSE:603496) for CNY 8.4918 million on December 15, 2022. EmbedWay Technologies (Shanghai) Corporation board approved the transaction. As of September 30, 2022, the total assets of the Shanghai Raysoar Electronics are CNY 168.5091 million, the net assets are 85.21603 million.