YiDong Electronics Technology Co., Ltd. (SZSE:301123) along with Dongguan Qianyuan Investment Consulting Enterprise signed a share transfer agreement to acquire 51% stake in Shenzhen LiXiao New Material Technology Co., Ltd. from Shenzhen Super Accurate Big Data Technology Co., Ltd. and Zhang Lihu for CNY 6.2 million on March 22, 2022. Under the terms of the agreement, YiDong Electronics will acquire 40% stake from Shenzhen LiXiao from Shenzhen Super Accurate for CNY 5.08 million while Dongguan Qianyuan will acquire 9% stake in Shenzhen LiXiao from Shenzhen Super Accurate for CNY 1.14 million and 2% stake in Shenzhen Lixiao from Zhang Lihu for CNY1. After the transaction, the company will own 40% stake in Shenzhen LiXiao and Qianyuan Investment will own 11% stake.

As of December 31, 2021, Shenzhen LiXiao reported total assets of CNY 4.23 million and Net Loss of CNY 1.9 million. The transaction was approved by the 16th session of the YiDong Electronics' 1st Directorate.