Zhe Jiang Dali Technology Co.,Ltd agreed to acquire remaining 37.6% stakes in Hangzhou Dali Microelectronics Co., Ltd. from Jiang Lijun, Liu Haitao, Pan Feng, Qian Liangshan, Chi Jiguang, Liu Xiang, Zhu Xiaorong, Qian Jian, Ma Zhigang, Wu Gaojun and Zhang Yunsheng for CNY 7.52 million.

Zhe Jiang Dali Technology Co.,Ltd (SZSE:002214) agreed to acquire remaining 37.6% stakes in Hangzhou Dali Microelectronics Co., Ltd. from Jiang Lijun, Liu Haitao, Pan Feng, Qian Liangshan, Chi Jiguang, Liu Xiang, Zhu Xiaorong, Qian Jian, Ma Zhigang, Wu Gaojun and Zhang Yunsheng for CNY 7.52 million on August 27, 2022. For the period ended on March 31, 2022 Hangzhou Dali Microelectronics Co., Ltd. reported total assets and net assets of CNY 34.95 million and CNY 14.63 million. The transaction is subject to approval of offer by Zhe Jiang Dali Technology Co.,Ltd board.

Zhe Jiang Dali Technology Co.,Ltd has approved the deal.