Guangdong Youwang Consulting Co., Ltd. entered into an agreement to acquire Guangdong Merces Technology Co. Ltd. from Guangdong Vanward New Electric Co., Ltd. (SZSE:002543) for CNY 1 on December 27, 2022. The board of directors of Guangdong Vanward New Electric approved the transaction.

Guangdong Merces Technology recorded total assets of CNY 10.9 million and net liabilities of CNY 24 million as of November 30, 2022.