Suzhou Longju Chuanghe Venture Capital Partnership (Limited Partnership), Beijing Mingzhi Advocating New Information Technology Industry Investment Fund Partnership and Wuhan Tongxin Yuanchuang Technology Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 11.9% stake in Wuhan Etern Optical Technology Co., Ltd from Jiangsu Etern Company Limited (SHSE:600105) for CNY 41.7 million on March 8, 2021.Under the terms of agreement, Suzhou Longju Chuanghe Venture Capital will acquire 5% stake for CNY 17.5 million, Beijing Mingzhi Advocating New Information Technology will acquire 4.9% stake for CNY17.15 million and Wuhan Tongxin Yuanchuang Technology Partnership Enterprise will acquire 2% stake for CNY 7 million. Post completion, Jiangsu Etern Company Zhou Zhiyong and Wuhan Tongxin Yuanchuang will hold 36.6%, 20% and 31% stake in Wuhan Etern Optical Technology. Zhou Zhiyong controls 51% equity of Wuhan Etern Optical Technology through direct and indirect holdings via Wuhan Tongxin Yuanchuang Technology. For Year ended December 31, 2020, Wuhan Etern Optical Technology had total assets, net assets, operating revenue and net profit as CNY 204.3 million, CNY 59 million, CNY 196.2 million and CNY 19.4 million respectively.On March 8, 2021, the 2021 third extraordinary meeting of the Ninth Board of Directors of the Jiangsu Etern Company have reviewed and approved the Proposal on Transfer of Equity Interests. The transaction does not need to be approved by relevant departments.