Yuan Jing and Zhu Guangfu agreed to acquire 95% stake in Beijing Zhongshi Zhengqi Technology Co., Ltd. from Jones Tech PLC (SZSE:300684) for CNY 23.8 million on July 8, 2024. Yuan Jing and Zhu Guangfu signed equity transfer agreement to acquire 95% stake in Beijing Zhongshi Zhengqi Technology Co., Ltd. from Jones Tech PLC (SZSE:300684) for CNY 23.8 million on July 8, 2024. A cash consideration of CNY 23.75 million will be paid by the buyer. As part of consideration, CNY 23.75 million is paid towards common equity of Beijing Zhongshi Zhengqi Technology Co., Ltd.

As of March 31, 2024, Beijing Zhongshi Zhengqi Technology Co., Ltd. reported total assets of CNY 35.1 million and total common equity of CNY 21.16 million.

The deal has been approved by the board of directors of Jones Tech PLC.