INESA (Group) Co., Ltd. signed an agreement to acquire 43.75% stake in Shanghai INESA Artificial Intelligence Innovation Institute Co., Ltd. from INESA Intelligent Tech Inc. (SHSE:600602) on December 10, 2021. Shanghai INESA Artificial Intelligence Innovation reported total assets as CNY 10.3 million, net assets as CNY 4.2 million, operating income as CNY 1.9 million and net profit as CNY -9.6 million for the period on October 31, 2021. The transaction has been approved by the board of directors of INESA Intelligent.

INESA (Group) Co., Ltd. completed the acquisition of 43.75% stake in Shanghai INESA Artificial Intelligence Innovation Institute Co., Ltd. from INESA Intelligent Tech Inc. (SHSE:600602) for approximately CNY 5 million on February 15, 2022.