Deqing Lianchuang Sci-tech New City Construction Co., Ltd. agreed to acquire 20% of stake in Zhejiang Hi Target Space Information Technology Co., Ltd. from Hi-Target Navigation Tech Co.,Ltd (SZSE:300177) for CNY 34 million on November 25, 2022. Zhejiang Hi has a total assets of CNY 152 million and net assets of CNY 85 million as of September 20, 2022. The transaction has been approved by the Board of Hi-Target Navigation and subject to approval of Hi-Target Navigation's shareholders.