Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) signed letter of intend to acquire 33% stake in Fujian Shine Technology Co., Ltd. from Shine Science & Technology (BVI) Company Limited for CNY 600 million on August 29, 2023. Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) agreed to acquire 33% stake in Fujian Shine Technology Co., Ltd. from Shine Science & Technology (BVI) Company Limited for CNY 600 million on October 29, 2023. The transaction is subject to the completion of due diligence and other work, and the company's internal decision-making and approval procedures will be implemented in accordance with the relevant provisions of laws and regulations and the "Articles of Association", and the completion of the relevant approval procedures is uncertain.

Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) completed the acquisition of 33% stake in Fujian Shine Technology Co., Ltd. from Shine Science & Technology (BVI) Company Limited on January 29, 2024.