An undisclosed buyer acquired 23.01% stake in Long Young Electronic (Kunshan) Co., Ltd. for approximately CNY 990 million on August 25, 2022. The board approved the transaction. Jiancheng Accounting Firm Zhou Zhiyuan acted as independent expert.

An undisclosed buyer completed the acquisition of 23.01% stake in Long Young Electronic (Kunshan) Co., Ltd. on August 25, 2022.