Jiaxing Wofu Huizhen Equity Investment Partnership Enterprise (L.P.), Suzhou Wofu Ruixin Venture Capital Partnership Enterprise (L.P.), Beijing Chuangxin Heima Investment Management Partnership Enterprise (L.P.), Lianyungang Zhirong Fanghua Equity Investment Partnership Enterprise (L.P.), Jiaxing Hongde Huiquan Equity Investment Partnership Enterprise (L.P.), Suzhou Juhe Pengfei Venture Capital Partnership Enterprise (L.P.), Nanjing Jinpu Xinchao Jixiang Venture Capital Partnership Enterprise (L.P.) and Shanghai Anjie Chengzhi Enterprise Management Partnership Enterprise (L.P.) agreed to acquire 51.0903% stake in Changzhou Huaxuan Sensing Technology Co., Ltd. from Jiangsu Olive Sensors High-Tech Co., Ltd. (SZSE:300507) for CNY 255.4517 million on September 15, 2022. Jiaxing Wofu Huizhen Equity Investment Partnership Enterprise (L.P.) will acquire 1% stake, Suzhou Wofu Ruixin Venture Capital Partnership Enterprise (L.P.) will acquire 2% stake, Beijing Chuangxin Heima Investment Management Partnership Enterprise (L.P.) will acquire 3% stake, Lianyungang Zhirong Fanghua Equity Investment Partnership Enterprise (L.P.) will acquire 19.0903% stake, Jiaxing Hongde Huiquan Equity Investment Partnership Enterprise (L.P.) will acquire 10% stake, Suzhou Juhe Pengfei Venture Capital Partnership Enterprise (L.P.) will acquire 8% stake, Nanjing Jinpu Xinchao Jixiang Venture Capital Partnership Enterprise (L.P.) will acquire 4% stake and Shanghai Anjie Chengzhi Enterprise Management Partnership Enterprise (L.P.) will acquire 4% stake in Changzhou Huaxuan Sensing Technology. The board of Jiangsu Olive Sensors High-Tech has approved the deal on September 15, 2022.
According to the relevant provisions of the "Shenzhen Stock Exchange's Growth Enterprise Market Listing Rules" and the "Articles of Association", this transaction still needs to be submitted to Jiangsu Olive Sensors High-Tech's general meeting of shareholders for deliberation. Changzhou Huaxuan Sensing has reported total assets of CNY 2275.71 million, net assets of CNY 16.18 million and net income of CNY 0.160543 million in December 31, 2021.
JIANGSU OLIVE SENSORS HIGH-TECH CO., LTD is a China-based company principally engaged in the research and development, production and sale of automobile parts. The Company's products are categorized into three categories: sensors and accessories, accessories of fuel system, and automotive interior parts. The Companyâs sensors and accessories include fuel level sensors and accessories and water level sensors. The Companyâs accessories of fuel system include oil filler pipe assembly, imported control valves, vent valves, locking joint pipe assembly, filter brackets, locknuts, fuel pump fixed thimbles and lock rings for fuel pumps, among others. The Companyâs automotive interior parts include covers for airbag, dashboards and air-conditioning duct, among others. The Company distributes its products within domestic market and to overseas markets.
JIANGSU OLIVE SENSORS HIGH-TECH CO., LTD. 
