Guang Zhou GRG Metrology & Test Co., Ltd. (SZSE:002967) agreed to acquire a 70% stake in Shenzhen Bolinda Technology Co., Ltd from Chen Lan, Wang Rulin and Wang Shizhao for approximately CNY 100 million on June 27, 2022. The consideration will be paid from own funds. As of year January to March 2022, Shenzhen Bolinda Technology Co., Ltd reported EBIT of CNY 2.017 million, total assets of CNY 40.93 million, net income of CNY 1.7 million and total common equity of CNY 21.3 million.

Guang Zhou GRG Metrology & Test Co., Ltd. (SZSE:002967) completed the acquisition of Shenzhen Bolinda Technology Co., Ltd from Chen Lan, Wang Rulin and Wang Shizhao on August 13, 2022.