An unknown buyer entered into a share purchase agreement to acquire Shanghai Kenwood Electronics Co.LTD. from JVCKENWOOD Corporation (TSE:6632) on October 20, 2023. As of March 31, 2023, generated net assets of CNY 204.5 million, total assets of CNY 298.8 million, revenue of CNY 736.8 million and operating profit of CNY 26.8 million.