On May 13,2023, the shareholder Xinxiang City New Investment M&A Investmet Fund who has 14% of the shares of the issuer Joyware Electronics submitted the proposal "Proposal on Signing the "Equity Custodian Agreement" and Related Transactions" to be voted in The Second Extraordinary General Meeting of Shareholders in 2023. Hangzhou Zhongwei Electronics Co., Ltd. indirectly controlling shareholder, Xinxiang Investment Group Co., Ltd., who holds 71.12% equity of Henan Xindian Information Technology Co., Ltd. through Xinxiang Smart City Construction Management. The purpose of the "Equity Custodian Agreement" and related transactions, initiated by Xinxiang Investment Group Co., Ltd., is to prevent horizontal competition and defer performance to safeguard the interests of the issuer.

The proposal stipulates that before the completion of the state-owned property rights transaction by Henan Xindian Information Technology Co., Ltd., Xinxiang Smart City Construction Management will sign an "Equity Trusteeship Agreement" with the issuer. This agreement entails entrusting the issuer with 71.12% of Xindian Information's equity held by Smart City Construction.