Shenzhen Textile (Holdings) Co., Ltd. (SZSE:000045) agreed to acquire Hengmei Optoelectronics Co., Ltd. from Chi Mei Materials Technology Investment Co., Ltd., Haosheng (Danyang) Investment Management Co., Ltd., Danyang Nuoyan Tianxin Investment Partnership (Limited Partnership), Xiamen Nuoyan Private Equity Fund Management Co., Ltd., Fuzhou New Area Development and Investment Group Co., Ltd., and other shareholders on December 30, 2022. Consideration is the form of issuing shares and paying cash. The transaction was approved by Shenzhen Textile (Holdings) Co., Ltd. nineteenth meeting of the eighth session of the board of directors and Shenzhen Investment Management Corporation, the controlling shareholder.

Transaction still need state-owned assets supervision and administration authority, The China Securities Regulatory Commission and general meeting of shareholders approval. For the year ended, November 30, 2022, On November 17, 2023, the 25th session of the company?s 8th directorate approved the transaction. Hengmei Optoelectronics Co., Ltd total asset is CNY 9946.66 million and Owners' equity is CNY 4677.07 million.