Zhejiang Junhong Asset Management Co., Ltd. agreed to acquire 5.01% stake in Beijing SOJO Electric Co., Ltd. (SZSE:300444) from Yuan Xue?en for CNY220 million on June 27, 2024. A cash consideration of CNY 216.03 million valued at CNY 5.4008 per share will be paid by Zhejiang Junhong Asset Management Co., Ltd. As part of consideration, CNY 216.03 million is paid towards common equity of Beijing SOJO Electric Co., Ltd.