Visionox Technology Inc. (SZSE:002387) agreed to acquire 40.91% in Hefei Visionox Technology Co., Ltd. form Hefei Heping Investment Co., Ltd., Hefei Xingrong Investment Co., Ltd and Hefei Xinping Industry Investment Fund (Limited Partnership) for CNY 6.6 billion on December 30, 2022. The transaction was approved by Visionox Technology Inc twenty-seventh meeting of the sixth board of directors and 23rd meeting of the 6th Board of Supervisors. Still pending for the general meeting of shareholders and China Securities Regulatory Commission. For the year ended, July 31, 2022, Hefei Visionox Technology Co., Ltd. total asset is CNY 33,371.65 million and Total owner's equity is CNY 14,814.233 million. As of July 27, 2023, Visionox Technology will pay the consideration of CNY 6,561,171,700 by issuing 812,115,546 shares and CNY 2,102,657,500 in cash.

China International Capital Corporation Limited (SEHK:3908), Tianhe Law Firm, Baker Tilly China Certified Public Accountants acted as financial advisor and Tianhe Law Firm acted as legal advisor to Visionox Technology Inc. Baker Tilly China Certified Public Accountants acted as accountant to Hefei Visionox Technology Co., Ltd.