Huang Renzhu agreed to acquire additional 11.25% stakes in Jiangxi Senyang Technology Co.,LTD from Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. (SHSE:603701) for CNY 47.25 million on August 26, 2022. Huang Renzhu will acquire 6.75 million shares. The transaction is subject to approval of merger agreement by Jiangxi Senyang Technology Co.,LTD board.

Jiangxi Senyang Technology Co.,LTD board has approved the deal.