Shenglan Technology Co., Ltd. (SZSE:300843) agreed to acquire remaining 29% stake in Dongguan Fuzhida Electronic Technology Co., Ltd. from Chen Deai for CNY 29 million on October 24, 2022. Post acquisition, Shenglan Technology will hold 100% stake in Dongguan Fuzhida. Transaction will be financed from Shenglan Technology's own funds in installments.

For the period September 30, 2022, Dongguan had CNY 100.46 million of assets and CNY 84.70 million of Total Owner's Equity.