Sichuan Jinshi Technology Co.,Ltd (SZSE:002951) agreed to acquire 11% stake in Sichuan Qianye Technology Co., Ltd. from Zeng Xiaochuan and Chengdu Boang Enterprise Management Consulting Center (Limited Partnership) for CNY 11.9 million on December 19, 2023. The consideration consists of CNY 11.88 million in cash. As part of the consideration, CNY 11.88 million was paid towards common equity.

The transaction was approved by the Board of Directors of Sichuan Jinshi Technology. Sichuan Qianye Technology reported total assets of CNY 40.1 million and net assets of CNY 10.9 million as on October 31, 2023. Sichuan Jinshi will use own funds to finance the acquisition.