Derun Electronics announced that in February 2023, the company transferred 42% of its shares in Liuzhou Shuangfei to Guangxi Qianyi for 416 million yuan. After the transfer was completed, Liuzhou Shuangfei was no longer included in the consolidated statement. According to the agreement, the transfer was paid in three installments, and the company did not receive the third installment of 165 million yuan before December 31, 2024 as scheduled. Following negotiations, Guangxi Qianyi paid 64.5587 million yuan in 2025, leaving 100 million yuan unpaid. Due to financial pressure from Liuzhou Shuangfei's operations and Guangxi Qianyi, the parties signed “Supplementary Agreement II”, agreeing to pay the balance before December 31, 2027, and Liuzhou Shuangfei will use production equipment as collateral.

Derun Electronics announced that in February 2023, the company transferred 42% of its shares in Liuzhou Shuangfei to Guangxi Qianyi for 416 million yuan. After the transfer was completed, Liuzhou Shuangfei was no longer included in the consolidated statement. According to the agreement, the transfer was paid in three installments, and the company did not receive the third installment of 165 million yuan before December 31, 2024 as scheduled. Following negotiations, Guangxi Qianyi paid 64.5587 million yuan in 2025, leaving 100 million yuan unpaid. Due to financial pressure from Liuzhou Shuangfei's operations and Guangxi Qianyi, the parties signed “Supplementary Agreement II”, agreeing to pay the balance before December 31, 2027, and Liuzhou Shuangfei will use production equipment as collateral.