Hongzhang Private Equity Investment Fund Management (Guangzhou) Co., Ltd. agreed to acquire 50.01% stake in Shanghai Sunray Electronic Technology Co., Ltd. from Super Telecom Co.,Ltd (SHSE:603322) for CNY 53.2 million on April 26, 2023. The transaction has been approved by the board and shareholders of Super Telecom. As of November 22, 2023, From June 30 to November 22, 2023, the company has received a total of CNY 26.06 million in equity transfer payments from the buyer and CNY 54.1 million in financial assistance repaid by the Shanghai Sunray Electronic Technology Co., Ltd. Super Telecom Co., Ltd. has received all equity transfer funds and financial assistance funds from the target company involved in this equity transfer.