Hubei Huarong Holding Co.,Ltd. (SHSE:600421) agreed to acquire Nanjing Kaituo Optoelectronics Technology Co., Ltd. from a group of sellers on June 16, 2023. The transaction has been approved by the board of Hubei Huarong, and needs to be approved by the shareholders of Hubei Huarong and Shanghai Stock Exchange and CSRC.