Li Lin agreed to acquire additional 70% stake in Liantronics (Hong Kong) Co., Ltd. from Shenzhen Liantronics Co.,Ltd for HKD 0.35 million on June 16, 2023. As of December 31, 2023, Liantronics (Hong Kong) Co., Ltd. reported total revenues of HKD 2.78 million, net loss of HKD 3.2 million, total assets of HKD 14 million and negative total common equity of HKD 7 million. The deal has been approved by board of directors of Shenzhen Liantronics Co.,Ltd.