Chengdu Information Technology of Chinese Academy of Sciences Co.,Ltd (SZSE:300678) agreed to acquire 10% stake in Sichuan Autonomous and Controllable Electronic Information Industry Co., Ltd. from Beijing Wanlihong Technology Co. Ltd. for CNY 15 million on June 14, 2024. A cash consideration of CNY 15 million will be paid by Chengdu Information Technology Chinese Academy Sciences Co.,Ltd. As part of consideration, CNY 15 million is paid towards common equity of Sichuan Autonomous and Controllable Electronic Information Industry Co., Ltd.

For the period ending December 31, 2023, Sichuan Autonomous and Controllable Electronic Information Industry Co., Ltd. reported total revenue of CNY 44.84 million, operating loss of CNY 3.39 million and net loss of CNY 3.39 million. As of December 31, 2023, Sichuan Autonomous and Controllable Electronic Information Industry Co., Ltd. reported total assets of CNY 106.33 million and total common equity of CNY 20.23 million.

The deal has been approved by the board of directors of Chengdu Information Technology of Chinese Academy of Sciences Co.,Ltd.