Focus Lightings Tech Co., Ltd. (SZSE:300708) entered into an agreement to acquire 3.23% stake in Focus Lightings Tech (Suqian) Co., Ltd. from Suqian Industrial Development Fund (Limited Partnership) for CNY 70.4 million on November 5, 2019. This has been approved by the company?s third directorate during its 19th meeting held on June 28, 2023.