Jiangsu Yunyi Electric Co., Ltd. (SZSE:300304) signed an agreement to acquire 17.50% stake in Zhenjiang Xinyuan Chengda Sensing Technology Co., Ltd. from Yin Meiyan, Bai Yuemin, Xu Enmei and Fengyu Gang on November 26, 2021. Jiangsu Yunyi Electric will acquire 7.75% stake from Yin Meiyan, 7.75% stake from Bai Yuemin, 1% stake from Xu Enmei and 1% from Fengyu Gang. The combine consideration for 59.575% stake is CNY 29.8 million.

Zhenjiang Xinyuan Chengda Sensing reported total assets as CNY 11.6 million and net assets as CNY 7.04 million for the period end on July 31, 2021. Zhenjiang Xinyuan Chengda Sensing reported revenue as CNY 3.7 million, operating profit as CNY -0.4 million and net profit as CNY -0.4 million for the period end on December 31, 2021.