Ningbo Joy Intelligent Logistics Technology Co.,Ltd. (SZSE:301198) signed a Equity Transfer Agreement to acquire 31% stake in Jiahe Technology Wuxi Co., Ltd from He Jun for CNY 19.8 million on August 4, 2023. Transaction is financed from it's own funds. Jiahe Technology Wuxi Co., Ltd reported Total assets worth CNY 31.3 million and Total Common equity of CNY 17.6 million in June 30, 2023.

Transaction has been already approved by Ningbo Joy Intelligent Logistics Technology's board of director's, relevant creditor's and Jiahe Technology Wuxi's shareholders.