Hangzhou Zhanneng Investment Management Partnership Enterprise (Limited Partnership) won the bid to acquire 47% in Hangzhou Neolink Systems Co., Ltd. from Aerospace Communications Holdings Co.,Ltd. (SHSE:600677) for CNY 1 on November 28, 2019. On December 3, 2019, a contract is signed. In a related transaction, Hangzhou Zhanneng Investment Management Partnership Enterprise (Limited Partnership) won the bid to acquire 47% in Neolink Technology (Hangzhou) Co., Ltd. from Aerospace Communications Holdings Co.,Ltd. for CNY 38.5 million.