Tianjin Jieqiang Power Equipment Co.,Ltd. (SZSE:300875) agreed to acquire Nuclover Technology (Beijing) Co., Ltd. from Wang Qiguang, Wu Zhaoguang, Wang Jing, Qian Longgang and others on May 11, 2022. Consideration is paid by way of share issuance and cash payment. At the same time, the company will issue shares to not more than 35 investors to raise supporting funds.

Tianjin Jieqiang Power Equipment Co.,Ltd.'s board of directors approved the transaction. The transaction is subject to approval from The Shenzhen Stock Exchange's Approval, The CSRC's Approval and Company's Shareholders' Approval. As of December 2022, Total Assets were on CNY 497 million, Net Assets were of CNY 156 million, Revenue was of CNY 272 million and Net Profit was of CNY 41 million.