Zhejiang Viewshine Intelligent Meter Co.,Ltd (SZSE:002849) agreed to acquire an unknown minority stake in Jiangxi Saiku New Material Co., Ltd. from Wang Yingchun and Liu Juanjuan on November 29, 2022. As on March 13, 2023, Zhejiang Viewshine Intelligent Meter Co.,Ltd (SZSE:002849) signed Share Transfer Agreement to acquire Jiangxi Saiku New Material Co., Ltd. from Wang Yingchun and Liu Juanjuan for CNY 64 million. For the year ended, November 30, 2022, Jiangxi Saiku New Material Co., Ltd. total asset is CNY 299.162 million and net asset is CNY 67.857 million.

The transaction was approved by 10th Meeting of the Zhejiang Viewshine Intelligent Meter Co., Ltd 5th Directorate and the 9th Meeting of the 5th Supervisory Board. Pan-China Certified Public Accountants acted as accountant to Zhejiang Viewshine Intelligent Meter Co.,Ltd (SZSE:002849).