Tianjin Printronics Circuit Corporation signed share transfer agreement to acquire 20% stake in Techigh Circuit Technology Co.,Ltd. from Huizhou Hongruicheng Equity Investment Partnership Enterprise (Limited Partnership) and TCL Digital Technology Company Limited for approximately CNY 100 million.

Tianjin Printronics Circuit Corporation (SZSE:002134) signed share transfer agreement to acquire 20% stake in Techigh Circuit Technology (Huizhou) Co.,Ltd. from Huizhou Hongruicheng Equity Investment Partnership Enterprise (Limited Partnership) and TCL Digital Technology (Shenzhen) Company Limited for approximately CNY 100 million on May 23, 2023. Tianjin Printronics Circuit Corporation will pay the underlying equity transfer price to TCL Digital with its own funds and self-raised funds. As of December 31, 2022, Techigh Circuit Technology (Huizhou) Co.,Ltd. generated total assets of CNY 390.1 million, net assets of CNY 197.1315 million, operating revenue of CNY 469.7 million and net profit of CNY 41.7 million.

As of September 29, 2023, Tianjin Printronics Circuit Corporation board of directors and shareholders approved the transaction.