Shanghai Zhineng Industrial Electronics Co., Ltd. agreed to acquire 14.20% stake in Sino Wealth Electronic Ltd. (SZSE:300327) from Richland International Holdings Ltd. and WinChannel on June 6, 2025. A cash consideration will be paid by Shanghai Zhineng Industrial Electronics Co., Ltd. As part of consideration, an undisclosed value is paid towards common equity of Sino Wealth Electronic Ltd.

The transaction is subject to approval by regulatory board / committee and subject to antitrust regulations.