Shanghai Instrument Electronics (Group) Co., Ltd agreed to acquire Shanghai Guangdian Communication Technology Co., Ltd. from INESA Intelligent Tech Inc. (SHSE:600602) for CNY 230 million on February 8, 2024. Shanghai Guangdian Communication Technology Co., Ltd. reported Total revenues of CNY 253.7 million, Total assets of CNY 322.4 million, Net Income of CNY 7.2 million and Total Common equity of CNY 211.7 million in December 31, 2023. Transaction has already been approved by INESA Intelligent Tech's Board of director's and INESA Intelligent Tech Inc has also obtained the approval of the relevant state-owned assets management department for this equity transfer but is still subject to INESA Intelligent Tech's shareholders.

As of March 19, 2024, the transaction is approved by shareholders of INESA Intelligent Tech Inc.