Shenzhen Topband Co., Ltd. (SZSE:002139) agreed to acquire 28.46% stake in Shenzhen YAKO Automation Technology Co.,Ltd from Shenzhen Yanxun Investment Enterprise (Limited Partnership) and Shenzhen Yanyun Investment Enterprise (Limited Partnership) and Zhu Juzhong for CNY 170 million on May 29, 2024. The consideration consists of CNY 165.1 million in cash. As part of the consideration, CNY 165.1 million was paid towards common equity.

Prior to the transaction, Shenzhen Topband Co., Ltd. (SZSE:002139) held 71.54%.