Xinyuxin Technology (Shaoxing) Partnership (Limited Partnership) agreed to acquire 49% stake in Zhejiang guyue longshan electronic technology development co., ltd from Zhejiang Guyuelongshan Shaoxing Wine Co.,Ltd (SHSE:600059) for CNY 71.23 million on October 23, 2023. Zhejiang guyue longshan electronic technology development co., ltd. reported total assets of approximately CNY 640 billion and net assets of CNY approximately 560 billion on September 30, 2023. Zhejiang Guyuelongshan Shaoxing Wine Co.,Ltd board of directors approved the transaction.