Philips (China) Investment Company Limited signed a share transfer agreement to acquire 10.0016% stake in B-SOFT Co.,Ltd. (SZSE:300451) from Zhejiang Xinsu Technology Co., Ltd., Ningbo Tongsu Investment Management Co., Ltd., Fuding Jiaying Enterprise Management Consulting Co., Ltd. and Ge Hang for CNY 1.2 billion on May 12, 2022. The offer per share is CNY 7.90 per share. Ge Hang will sell 0.03% stake, Zhejiang Xinsu Technology Co., Ltd. will sell 4.638% stake, Ningbo Tongsu Investment Management Co., Ltd. will sell 0.362% stake and Fuding Jiaying Enterprise Management Consulting Co., Ltd. will sell its entire 4.9716% stake.