Guangdong Tecsun Science & Technology Co.,Ltd. (SZSE:002908) intends to acquire remaining 30% stake in Guangdong Tecsun Zhiwei Technology Co., Ltd. from Guangzhou Zhiwei Yunjing Enterprise Management Partnership (Limited Partnership), Guangzhou Zhiwei Huitong Enterprise Management Partnership (Limited Partnership), Gao Min and Yu Li for CNY 0 on June 29, 2023. In this transaction, Guangzhou Zhiwei Yunjing Enterprise Management Partnership will sell 10.3% stake, Guangzhou Zhiwei Huitong Enterprise Management Partnership will sell 7.7% stake, Gao Min will sell 6% stake and Yu Li will sell 6% stake in Guangdong Tecsun Zhiwei Technology. After this transaction, Guangdong Tecsun Science & Technology will hold 100% equity of Guangdong Tecsun Zhiwei Technology.

Guangdong Tecsun Zhiwei Technology has reported total assets of CNY 1.01 million and net assets of CNY 0.16 million on March 31, 2023. The board of Guangdong Tecsun Science & Technology has approved the transaction at 25th meeting of the third board of directors and the 19th meeting of the third board of supervisors held on June 29, 2023.