Sichuan Jiuzhou Electronic Co., Ltd. (SZSE:000801) agreed to acquire Shanghai Zhiliang Electronic Technology Co., Ltd. from Shanghai Tangzhong Network Technology Partnership Enterprise (Limited Partnership), Sichuan Jiuzhou Electric Group Co., Ltd. and Shanghai Tayu Enterprise Management Center (Limited Partnership) on January 4, 2024.Sichuan Jiuzhou Electronic is also issuing shares through non-public placement to not more than 35 specific investors to raise supporting funds. Transaction has already been approved by Sichuan Jiuzhou Electronic's board of director's. Transaction is still subject to approval from Sichuan Jiuzhou Electronic's shareholders,internal decision-making bodies,State-owned Asset Supervisory Administration and Shenzhen Stock Exchange and China Securities Regulatory Commission.