Panasonic Corporation of China acquired 40% stake in Shanghai Panasonic Microwave Oven Co., Ltd. from INESA Intelligent Tech Inc. for CNY 194.4 million.

Inesa Intelligent Tech Inc is a China-based company mainly engaged in the provision of information technology services. The Company's products and services include cloud computing big data services, industry solutions and intelligent products. Its industry solutions mainly cover urban security governance and smart people's livelihood fields. Its intelligent products include sensors, optical instruments and other products. The Company conducts its businesses within domestic and overseas markets.