Shanghai Shuoju Technology Partnership Enterprise agreed to acquire 31.8% stake in Hefei Qusu Ultra-Dimensional Integrated Circuit Co., Ltd. from Hollyland (China) Electronics Technology Corporation Limited for CNY 70 million on March 20, 2023. The deal has been approved by the board of directors of Hollyland (China) Electronics Technology Corporation Limited. As of December 31, 2022, Hefei Qusu reported net assets of CNY 34 million, total revenue of CNY 0.47 million and net loss of CNY 2.7 million.