Hangzhou Fangwo Biotechnology Co., Ltd. agreed to acquire Zhejiang Viewshine IoT Technology Co., Ltd. from Zhejiang Viewshine Intelligent Meter Co.,Ltd (SZSE:002849) for CNY 35.6 million on January 13, 2022. Upon completion, Zhejiang Viewshine IoT Technology Co. will cease to be a subsidiary of Zhejiang Viewshine Intelligent and operate as subsidiary of Hangzhou Fangwo Biotechnology. The Zhejiang Viewshine Intelligent held the 3rd meeting of the 5th directorate and approved transferring Zhejiang Viewshine IoT Technology Co.

Hangzhou Fangwo Biotechnology Co., Ltd. completed the acquisition of Zhejiang Viewshine IoT Technology Co., Ltd. from Zhejiang Viewshine Intelligent Meter Co.,Ltd (SZSE:002849) on January 20, 2022.