Baoding Zhipu Electric Power Technology Co., Ltd. signed the contract to acquire 18% stake in Hebei Tianwei-huarui Electric Co., Ltd. from Advanced Technology & Materials Co., Ltd. (SZSE:000969) for CNY 8.2 million on February 4, 2021. Under the terms, within 15 working days after the full transaction price has been paid Advanced Technology & Materials Co., Ltd. shall urge the target company to go through the equity change registration. On February 7, 2021, the company received the Enterprise State-owned Assets Transaction Certificate. February 10, 2021, it received the entire price of the above equity transaction remitted by China Beijing Equity Exchange Co., Ltd. After the transaction Advanced Technology & Materials will not hold any stake in Hebei Tianwei-huarui Electric Co., Ltd. The transaction is approved by the Board of Directors of Advanced Technology & Materials.