Suzhou Haiyuntong Electronic Technology Co., Ltd. entered into an agreement to acquire Changshu Yabang Marine Electric Co., Ltd. from GL Tech Co.,Ltd (SZSE:300480) for CNY 208 million on November 22, 2022. GL Tech Co.,Ltd board approved the transaction. Recently, according to the "Equity Transfer Agreement", the company has received the first equity transfer payment of CNY 104.9 million from the transferee Haiyuntong.

Changshu Yabang has completed the relevant change registration of the equity transfer and obtained the exchange issued business license.