Zaozhuang Chuyao Hongxun Venture Capital Partnership Enterprise (Limited Partnership), Shenzhen Qunxincan Investment Partnership Enterprise (Limited Partnership), Jiangyin Shashan Enterprise Management Consulting Partnership Enterprise (Limited Partnership) and Zhuhai Xinzhou Jinghua No. 1 Equity Investment Fund Partnership Enterprise (Limited Partnership) agreed to acquire 2.087% stake in Zhejiang Jinray Electronic Technology Co., Ltd. from Shenzhen MinDe Electronics Technology Ltd. (SZSE:300656) for CNY 48 million on December 12, 2022. Zhejiang Jinray Electronic Technology has reported total assets of CNY 754.950205 million and net assets of CNY 302.883949 million on September 30, 2022.

The board of Shenzhen Minde Electronics Technology has approved the deal at 3rd directorate held on December 12, 2022.