Wangsu Science & Technology Co.,Ltd. (SZSE:300017) agreed to acquire 16.74% stake in EdgeRay Technologies Co., Ltd from Hainan Tiger Juyi Investment Partnership (Limited Partnership) and Hainan Taige Tianyi Investment Partnership Enterprise (Limited Partnership) for CNY 22.7 million on May 9, 2024. As of March 31, 2024, EdgeRay Technologies Co., Ltd generated total assets of CNY 71.3 million and net liabilities of CNY 13.4 million. The transaction is approved by board of directors of Wangsu Science & Technology Co.,Ltd.