Xuancheng Valin Precision Technology Co., Ltd. (SHSE:603356) agreed to acquire a 57.5869% stake in Wuxi Tongyong Wire Cable Co.,Ltd from China Overseas Personnel Service Co., Ltd and Shanghai Zhongfu Fusheng Enterprise Development for CNY 210 million on May 24, 2022. Xuancheng Valin Precision Technology Co., Ltd. approved the transaction.

Xuancheng Valin Precision Technology Co., Ltd. (SHSE:603356) completed the acquisition of 57.5869% stake in Wuxi Tongyong Wire Cable Co.,Ltd from China Overseas Personnel Service Co., Ltd and Shanghai Zhongfu Fusheng Enterprise Development for CNY 210 million on July 29, 2022