Guangdong Longzehui Investment Co., Ltd. agreed to acquire 65% stake in Guangzhou Hi-Target Electronic Information Co., Ltd from Hi-Target Navigation Tech Co.,Ltd (SZSE:300177) for CNY 33 million on December 28, 2022. The payment must be completed within 5 working days after the agreement signing. After the transfer, Longzehui will own 100% stake in the target.