According to the Zhitong Finance App, Yachuang Electronics (301099.SZ) announced that Hong Kong Taixin, a wholly-owned subsidiary of the company, plans to purchase 70% of the shares of Yongjia Industrial (International) Co., Ltd. (including its subsidiary, “Yongjia Industrial” for short) by means of cash payment, at a transaction price of US$47.6 million. After the transaction is completed, the company will hold 70% of Yongjia Industrial's shares. Yongjia Industrial will become the company's holding subsidiary and included in the scope of the company's consolidated statements.

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