Xinzhi Group Co., Ltd. (SZSE:002664) agreed to acquire remaining 49% stake in Zhejiang Daxing Technology Co., Ltd. from Li Yongrui, Xu Ning, Zhu Suping and Huang Liu for CNY 2.9 million on August 10, 2023. The transaction is approved by board of directors of Xinzhi Group Co., Ltd. As on June 30, 2023, Zhejiang Daxing Technology Co., Ltd. generated total assets of CNY 59.2 million and net assets of CNY 6 million.