Synthesis Electronic Technology Co.,Ltd. (SZSE:300479) entered into an agreement to acquire remaining 49% stake in Synthesis Xuhui Medical Information Technology Co., Ltd. from Wenzhou Xuhui Technology Co., Ltd. for approximately CNY 31 million on July 18, 2022. The consideration of CNY 18 million will be paid in two installments according to the agreement and the remaining consideration of CNY 13 million will be paid to the designated bank account by bank transfer. The board of directors of Synthesis Electronic Technology approved the transaction.

Synthesis Xuhui Medical Information Technology recorded total assets of CNY 132.6 million and net assets of CNY 52.9 million as on March 31, 2022