Jinan Shunzheng Investment Co., Ltd. agreed to acquire Shandong Jian Industry Development Co., Ltd from Jinan High-tech Development Co., Ltd. (SHSE:600807) for approximately CNY 170 million on November 25, 2022. Shandong Jian Industry Development has reported total assets of CNY 798.5004 million and net assets of CNY -7.5731 million on December 31, 2021. The transaction has been approved by the shareholders of Jinan High-tech.

The board of Jinan High-tech Development has approved the deal on November 25, 2022.