Fujian Jiahan New Energy Holding Co., Ltd. agreed to acquire Fujian Junpeng Communication Technology Co., Ltd. and Fujian Junpeng Intelligent Manufacturing Co., Ltd. from Jiangsu Yinhe Electronics Co.,Ltd. (SZSE:002519) for CNY 550 million on June 11, 2021. As of April 30, 2021, Fujian Junpeng Communication Technology reported total assets of CNY 641.37 million, total liabilities of CNY 160.8 million, accounts receivable of CNY 374.54 million and net assets of CNY 480.55 million. As of April 30, 2021, Fujian Junpeng Intelligent Manufacturing reported total assets of CNY 324.23 million, total liabilities of CNY 178.62 million, accounts receivable of CNY 6.92 million and net assets of CNY 145.6 million. The transaction has been approved by board of directors and is still subject to shareholders approval of Jiangsu Yinhe Electronics. Fujian Jiahan New Energy Holding Co., Ltd. completed the acquisition of Fujian Junpeng Communication Technology Co., Ltd. and Fujian Junpeng Intelligent Manufacturing Co., Ltd. from Jiangsu Yinhe Electronics Co.,Ltd. (SZSE:002519) on August 2, 2021. The entire consideration has been received.