Hollyland Electronics Technology Corporation Limited entered into an agreement to acquire 33.33% stake in Hefei Qusu Ultra-Dimensional Integrated Circuit Co., Ltd. from Zhejiang Qusu Technology Co., Ltd. for CNY 50 million.

Hollyland (China) Electronics Technology Corporation Limited (SZSE:002729) agreed to acquire 33.33% stake in Hefei Qusu Ultra-Dimensional Integrated Circuit Co., Ltd. from Zhejiang Qusu Technology Co., Ltd. for CNY 50 million on May 25, 2022. On May 26, 2022 an agreement was signed for the deal. The transaction has been approved by board of Hollyland (China) Electronics Technology Corporation Limited.