Zhang Zhe agreed to acquire additional 40% stake in Shenzhen Tecnon Vision Technology Co., Ltd. from Tecnon Electronics Co., Ltd. (SZSE:300650) for CNY 12 million on April 25, 2024. The consideration consists of CNY 12 million in cash. As part of the consideration, CNY 12 million was paid towards common equity.

The transaction was approved by the Board of Directors of Tecnon Electronics Co., Ltd. (SZSE:300650). Shenzhen Tecnon Vision reported total assets of CNY 74.16 million and net assets of CNY 12.12 million as on February 29, 2024.