Jiang Su New Technology Co., Ltd. (SZSE:301229) agreed to acquire Jiangsu Changbeichen Machinery Co. Ltd from An Zhongwei and Li Ming for CNY 40 million on August 18, 2022. the company will use its own funds and self-raised funds for this investment. the purchase consideration was CNY 40 million, of which the company should pay to An Zhongwei is CNY 30 million, and the transaction price payable to Li Ming is CNY 10 million. As of June 30, 2022 Total assets reported CNY 46.9559 million and Total Common equity of CNY 11.3335 million.

Jiang Su New Technology Co., Ltd. (SZSE:301229) completed the acquisition of Jiangsu Changbeichen Machinery Co. Ltd from An Zhongwei and Li Ming on August 24, 2022.