Hangzhou Honghua Digital Technology Stock Company LTD. (SHSE:688789) singed a Share Transfer Agreement to acquire a 51% stake in Shandong inkj Digital Technology Co., Ltd. from Dong Ying, Tan Ming, and Zhou Jingfu for CNY 70 million on July 24, 2023. Post completion, Hangzhou Honghua Digital Technology will hold 51% stake, Dong Ying will hold 34.3% stake, Tan Ming will hold 7.84% and Zhou Jingfu will hold 6.86% stake in Shandong inkj Digital Technology. As of May 31, 2023, Shandong inkj Digital Technology reported Total Assets of CNY 96.6892 million and Net Assets of CNY 44.1835 million.

The transaction is approved by the board of Hangzhou Honghua Digital Technology and doesn't need Shareholders? Approval.