Jack Technology Co.,Ltd (SHSE:603337) entered into an agreement to acquire 10% stake in Zhejiang Vibemac Smart Sewing Technology Co., Ltd. from Guerreschi Alberto for CNY 0.94 million on March 16, 2023. The board of directors of Jack Technology approved the transaction. As of December 31, 2022, Zhejiang Vibemac Smart Sewing Technology reported revenue of CNY 46.9221 million, total assets of CNY 49.1994 million, net income of CNY 8.2065 million and net asset of CNY 10.6062 million.