Innuovo Technology Co., Ltd. (SZSE:000795) agreed to acquire the remaining 30% stake in Zhejiang Innuovo Rehabilitation Equipment Co., Ltd. from Fu Chengxian for CNY 48 million on October 13, 2023. Within 3 working days after the contract becomes effective, the Company will pay 51% of the transfer price. Within 3 working days after the Company obtains the shareholder certificate, the Company will pay 49% of the transfer price.

Zhejiang Innuovo Rehabilitation Equipment Co., Ltd. reported total assets CNY 229.06 million and net assets of CNY 85.03 million on June 30, 2023. Innuovo Technology Co., Ltd. directorate approved the transaction and does not need the Shareholders? Approval.