Hangzhou Jielai Precision Instrument Manufacturing Co., Ltd signed share transfer agreement to acquire 35% stake in Sichuan Ruilaisi Precision Machinery Co., Ltd from Tianjin Jieqiang Power Equipment Co.,Ltd. (SZSE:300875) for CNY 7.5 million on June 30,2022. The transaction has already been approved by board of directors of Tianjin Jieqiang Power Equipment Co.,Ltd.

Hangzhou Jielai Precision Instrument Manufacturing Co., Ltd Completed the acquisition of 35% stake in Sichuan Ruilaisi Precision Machinery Co., Ltd from Tianjin Jieqiang Power Equipment Co.,Ltd. on August 1,2022.