Sunsea AIoT Technology Co., Ltd. (SZSE:002313) entered into Equity transfer agreement to acquire 7.2% stake in Longsung Technology (Shanghai) Co., Ltd. from Yang Tao from CNY 17.9 million on July 29, 2021. On July 29, 2021, the 28th meeting of the fifth board of directors of the company approved the deal. Longsung Technology (Shanghai) Co., Ltd reported total assets of CNY 1.3 billion and total common equity of CNY 4.3 million till March 31, 2021.