Yunnan Energy New Material Co., Ltd. (SZSE:002812) agreed to acquire Suzhou Fortune Technology Co., Ltd./JOT Automation Ltd. from Suzhou Victory Precision Manufacture Co., Ltd. (SZSE:002426) for approximately CNY 770 million on August 2, 2021. After the completion of this transaction, Suzhou RS Technology Co. Ltd and JOT will not be included in the scope of Suzhou Victory Precision consolidated statements.

The transaction is approved by Board of Suzhou Victory and is subject to shareholders' approval of Suzhou Victory. Suzhou Fortune Technology Co., Ltd. and JOT Automation Ltd. has a total asset of CNY 1,482.9359 million and net assets of CNY 297.6491 million as of June 30, 2021.