Guangdong Kingstrong Technology Co., Ltd. (SZSE:300629) agreed to acquire a 60% stake in Chengdu Renjian Microwave Technology Co., Ltd. from Zhonghui, Hu Mingwu and Wen Xiang for approximately CNY 170 million on June 12, 2023. Transaction has been approved by Guangdong Kingstrong's board and does not need the Shareholders’ Approval. For the period March 31, 2023, Chengdu Renjian Microwave had CNY 105.89 million of total assets and CNY 43.24 million of net assets.