Wus Printed Circuit (Kunshan) Co., Ltd. (SZSE:002463) entered into an agreement to acquire additional 57.17% stake in Schweizer Electronic (Jiangsu) Co., Ltd. from Schweizer Electronic AG (XTRA:SCE) for CNY 33.45 million on December 21, 2022. The purchase price for the shares in SEC to be transferred under the Share Transfer Agreement amounts to CNY 33.45 million. Following the transfer of the shares, WUS is to subscribe for and acquire further shares in SEC as part of an increase in SEC's share capital which has yet to be resolved. The Supervisory Board of Schweizer Electronic AG approved the conclusion of the Share Transfer Agreement on December 21, 2022. The Agreement still requires the approval of the shareholders' meeting of WUS to become effective. After implementation of the future capital increase, WUS will hold an 80 % interest in SEC. The closing of the transaction (Closing) is expected to take place in three to four months. As of March 22, 2023, Wus Printed Circuit board of directors approved the transaction. As of December 31, 2022, Schweizer Electronic (Jiangsu) Co., Ltd. reported total assets of CNY 656.18 million, revenue 223.66 million, operating profit -190.17 milion, net profit -190.33 million and common equity of -86.92 million.

As of April 13, 2023, the shareholders' meeting of WUS Printed Circuits (Kunshan) Co, Ltd approved the acquisition of a majority stake in Schweizer Electronic (Jiangsu) Co, Ltd ("SEC"). As a result, WUS's shareholding in SEC will increase from the current level of approximately 13% to 70%. The transfer of the shares and payment of the purchase price is expected to take place before end of April 2023.

Wus Printed Circuit (Kunshan) Co., Ltd. (SZSE:002463) acquired additional 57.17% stake in Schweizer Electronic (Jiangsu) Co., Ltd. from Schweizer Electronic AG (XTRA:SCE) on April 25, 2023.