Rigol Technologies Co., Ltd. (SHSE:688337) agreed to acquire 32.2581% stake in Beijing Naishu Technology Co., Ltd. for CNY 120 million from Wu Qiongzhi, Sun Lin, Sun Ningxiao, Jin Zhaojian, Xu Jialin, Liu Jie, and Xing Tonghe on January 8, 2024. The consideration consists of CNY 120 million in cash. As part of the consideration, CNY 120 million was paid towards common equity.

The deal was approved by board of Rigol Technologies Co., Ltd. (SHSE:688337) on January 8, 2024. The consideration will be paid in 2 installments of CNY 60 million each. The first installment was paid on January 9, 2024.

Second installment will be paid within 20 days after first installment.