Guangdong Senssun Weighing Apparatus Group Ltd. (SZSE:002870) signed a framework agreement to acquire 17% stake in Ningbo Joyson Automotive Electronic Holding Co., Ltd from Ningbo Joyson Electronic Corp. (SHSE:600699) for CNY 1 billion on July 8, 2022. Guangdong Senssun Weighing Apparatus Group Ltd. (SZSE:002870) entered into an asset purchase agreement to acquire 17% stake in Ningbo Joyson Automotive Electronic Holding Co., Ltd from Ningbo Joyson Electronic Corp. (SHSE:600699) for CNY 722.5 million on December 2, 2022. Guangdong Senssun Weighing Apparatus Group Ltd. will issue new shares at CNY 28.8 per share as consideration for the 10.4% stake and pay cash for not more than 6.6% stake. The board of directors of Ningbo Joyson Electronic Corp approved the transaction. The transaction is subject to Approval of the Company's Directorate of the Official Transaction, Guangdong Senssun Weighing Apparatus Group Ltd.'s Directorate's and Shareholders' Approval, The CSRC's Approval and other necessary approval. As of 31 March, 2022 Ningbo Joyson Quin Automotive Systems recorded total assets of CNY 4.41 billion and net assets of CNY 1.7 billion. As of December 1, 2022, the consideration for the transaction is revised to approximately CNY 720 million. As of December 30, 2022, The board of Ningbo Joyson Electronic and Guangdong Senssun Weighing Apparatus have decided to temporarily terminate the deal.

Guangdong Senssun Weighing Apparatus Group Ltd. (SZSE:002870) cancelled the acquisition of 17% stake in Ningbo Joyson Automotive Electronic Holding Co., Ltd from Ningbo Joyson Electronic Corp. (SHSE:600699) on December 30, 2022.