Jiuzhou Group signed Share Transfer Agreement to acquire 29.42% stake in Guangdong Ellington Electronics Technology Co., Ltd. (SHSE:603328) from Yidun Investment Co., Ltd. for CNY 2.6 billion on September 8, 2021. Consideration will be CNY 8.9 per share. Transaction is subject to approval by State Administration of Market Supervision and Administration Anti-Monopoly Bureau.

The application for anti-monopoly review of concentration of undertakings was approved. State Administration for Market Regulation approved the transaction.