Shenzhen Qianhai Badi International Laser Industry Co., Ltd. agreed to acquire Chongqing Bolinte Elevator Co., Ltd. from Shenyang Yuanda Intellectual Industry Group Co.,Ltd (SZSE:002689) for approximately CNY 210 million on September 16, 2022. Under the terms, CNY 214 million will be paid wherein CNY 122.6 million will be in cash and the remaining amount will be deducted from their respective creditor's rights and debts within the same range and offset accordingly. Shenyang Yuanda Intellectual Industry Group Co.,Ltd board of directors have approved the transaction.

For the period June 30, 2022, Chongqing Bolint had net assets of CNY 197.4298 million and total assets of CNY 215.327 million of total assets. CAC CPA Limited Liability Partnership Acted as an accountant to Shenyang Yuanda Intellectual Industry Group Co.,Ltd.