Shanghai Guao Electronic Technology Co., Ltd. (SZSE:300551) agreed to acquire 51% stake in Beijing Oriental Gaosheng Investment Consulting Co., Ltd. from Shanghai Muyu Enterprise Management Center (Limited Partnership) and Dongfang Gaosheng Technology Co., Ltd. for approximately CNY 190 million on December 14, 2021. As per the transaction, Shanghai Muyu Enterprise Management Center (Limited Partnership) will sell its 45% stake and Dongfang Gaosheng Technology Co., Ltd. will sell 6% stake in Beijing Oriental Gaosheng Investment Consulting Co., Ltd. As on September 30, 2021, Beijing Oriental Gaosheng Investment Consulting Co., Ltd. generated total assets of CNY 68.7 million and net liabilities of CNY 30.9 million. The transaction is approved by board of directors of Shanghai Guao Electronic Technology Co., Ltd.