Jihong Machinery (Kunshan) Co. LTD. acquired Kunshan JiinCheng Electronics Co., Ltd from Jiin Ming Industry Co., Ltd. (TPEX:3230) for CNY 72 million on January 25, 2024. Under the terms of agreement total transaction will temporarily be set at CNY 72 million, and will be paid in installments. The final transfer price will be adjusted by the mechanism set in the agreement.Chinyuan Certified Public Accountant firm acted as accountant to Jiin Ming Industry and AMAZING BEST LIMITED acted as broker.

Jihong Machinery (Kunshan) Co. LTD. completed the acquisition of Kunshan JiinCheng Electronics Co., Ltd from Jiin Ming Industry Co., Ltd. (TPEX:3230) on January 25, 2024.