Hubei W-olf Photoelectric Technology Co., Ltd. (SZSE:002962) agreed to acquire 30% stake in Hubei W-olf Crystal Co., Ltd. from Jingzhou Qunchuang Optoelectronics Technology Center (Limited Partnership) for CNY 14.9 million on August 9, 2023. Hubei W-olf Photoelectric and the other investors will carry out Hubei W-olf Crystal?s capital increase of CNY 31 million wherein CNY 25 million will go to registered capital, and its registered capital will increase from CNY 40 million to CNY 65 million. As of June 30, 2023, reported total asset of CNY 46.8 million and net asset of CNY 39.9 million.

The transaction have been approved in the 23rd Meeting of the Hubei W-olf Photoelectric's 2nd Directorate held on August 9, 2023, and do not need the Shareholders? Approval.