Shenzhen Bestek Technology Co., Ltd. (SZSE:300822) signed an agreement to acquire an additional 13.33% stake in Suzhou Kemu Electric Co., Ltd. from Yu Wei and Gao Lu for CNY 3 million on June 8, 2022. Shenzhen Bestek Technology will acquire 8.89% from Yu Wei and 4.44% from Gao Lu. The transaction will be funded by internal funds. As on March 31, 2022, Suzhou Kemu Electric had total assets of CNY 150 million and negative net assets of CNY 3.93 million. Within seven working days from the date of signing this agreement, Shenzhen Bestek Technology shall make a one-time payment for the share transfer.