Shenzhen Yichang Electronics Co., Ltd. agreed to acquire Quanzhou Boomsense Communication Technology Co., Ltd. from Boomsense Technology Co.,Ltd. (SZSE:300312) for CNY 1 on December 30, 2019. As of December 31, 2018, Quanzhou Boomsense Communication Technology Co., Ltd. reported total assets of CNY 7.1 million and net liabilities of CNY 36 million. For the year ended December 31, 2018, Quanzhou Boomsense Communication Technology Co., Ltd. reported revenue of CNY 0.92 million and net loss of CNY 1.42 million. On December 30, 2019, Boomsense Technology's 3rd directorate’s 26th meeting approved the transaction.