Suzhou Chunqiu Electronic Technology Co., Ltd. (SHSE:603890) agreed to acquire 51% stake in Dongguan Yimo Technology Co., Ltd from Hangzhou Prevail Optoelectronic Equipment Co., Ltd. (SZSE:300710) for CNY 21.93 million on May 26, 2022. In May 2022, buyer has paid the first tranche equity transfer price of RMB 11,930,000 to the bank account designated by seller, and the rest of the equity transfer price will be paid in accordance with the agreement. The deal is subject to approval of merger agreement by Dongguan Yimo Technology Co., Ltd board.

Hangzhou Prevail Optoelectronic Equipment Co., Ltd. (SZSE:300710) board approved the deal. In July 2022, Dongguan Yimo Technology Co., Ltd has paid the owed amount and all the interest of all arrears totaling RMB 63,584,647.95 to the bank account designated by the company, and the operating loan lent by Dongguan Yimo Technology Co., Ltd to the company has been paid in accordance with the agreement.