Zhejiang Chunhui Intelligent Control Co., Ltd. (SZSE:300943) agreed to acquire 51% stake in New Era Technology Co.,Ltd from Zhu Shixin, Shanghai Changyang Investment Management Center, Zhu Shifeng and Zheng Yanqun on October 18, 2021. The deal is expected to close by March 31, 2022. The consideration for the transaction is CNY 35.7 million.

The board of directors and shareholders accepted proposal of use if raised for financing the transaction.