HONG RI DA Technology Company Limited agreed to acquire the remaining 20% stake in Dongtai Runtian Precision Technology Co., Ltd. from Dongtai Huijin Xinte Industrial Investment Fund (Limited Partnership) for CNY 61.4 million on May 25, 2023. The consideration will be paid in full within 5 working days after the signing of this agreement. The transaction has been approved by directors of HONG RI DA Technology. For the year ended December 31, 2022, Dongtai Runtian reported Total Assets of CNY 414.8 million, Net asset of CNY 293.99 million, Revenue CNY 204.32 million, and Net profit of CNY 21.81 million.

HONG RI DA Technology Company Limited completed the acquisition of remaining 20% stake in Dongtai Runtian Precision Technology Co., Ltd. from Dongtai Huijin Xinte Industrial Investment Fund (Limited Partnership) on June 13, 2023.