On November 24, 2023, the company announced that the transaction has been approved by the China Securities Regulatory Commission for [2023] no. 2659. The transaction will include participation from new investor Wuxi Gean Technology Partnership Enterprise (Limited Partnership) for 634,209 shares and individual investors Zhu Wei for 4,118,538 shares, Pan Jianxin for 2,050,354 shares, Lin Rongxiang for 1,878,430 shares, Wu Weining for 1,413,598 shares, Fan Jianping for 1,146,161 shares, Tang Rong for 752,645 shares and Yu Biao for 741,184 shares.

On December 15, 2024, the company has completed the industrial and commercial change registration procedures for the transfer of the subject assets of this transaction, and received the "Business License" issued by the Administrative Approval Bureau of Liangxi District, Wuxi City.