Guangdong Kingshine Electronic Technology Co.,Ltd. (SZSE:300903) signed a Letter of Intent to acquire a 90% stake in Shenzhen Inorsen Circuits Co., Ltd. from Wang Haibo, Wang Chunhua, Xu Lidong and Shenzhen Nuoxin Intelligent Investment Development Enterprise (Limited Partnership) for an enterprise value of approximately CNY 120 million on June 25, 2023. Post transaction, Guangdong Kingshine will hold 90% stake and Xu Lidong will hold 10% stake in Shenzhen Inorsen Circuits.