Mianyang Zhongjiu Guanggu Technology Co., Ltd. agreed to acquire 12.5% stake in Sichuan Zhongjiu Xinguang Technology Co., Ltd. from Harbin Xinguang Optic-Electronics Technology Co.,Ltd. (SHSE:688011) for CNY 1.61 million on May 22, 2024. The consideration consists of CNY 1.61 million in cash. As part of the consideration, CNY 1.61 million was paid towards common equity.

Prior to the transaction, Mianyang Zhongjiu Guanggu Technology Co., Ltd. held 12.5%. The 14th meeting of the Harbin Xinguang Optic-Electronics Technology Co.,Ltd. (SHSE:688011) second term of the Board of Directors reviewed and approved the ?Proposal Regarding the Sale of Part of the Equity in the Subsidiary Sichuan Zhongjiu Xinguang Technology Co., Ltd.". The transaction price amounting to CNY 1.6 million will be paid in full within 3 working days after the agreement takes effect.