Hangzhou Lion Electronics Co.,Ltd (SHSE:605358) agreed to acquire additional 3.28% stake in JRH Microelectronics (Quzhou) Co., Ltd. from Quzhou Lvfa Jinruihong Investment Partnership Enterprise (Limited Partnership) for CNY 150illion on December 15, 2022. As of September 30, 2022, the total assets of the JRH Microelectronics (Quzhou) are CNY 6.69818 billion, the net assets are 4. 70926 billion. Hangzhou Lion Electronics Co's board approved the transaction.

JRH Technology (Quzhou) Co., Ltd recently completed the relevant business registration and "Articles of Association" filing procedures, and obtained the "Business License" renewed by the Quzhou Municipal Market Supervision Administration.