China Academy of Space Technology agreed to acquire 5% stake in Beijing Ctrowell Technology Corporation Limited (SZSE:300455) from controlling shareholders for approximately CNY 280 million on November 28, 2019. China Academy of Space Technology acquired 31.8 million shares in Beijing Ctrowell Technology Corporation Limited. China Academy of Space Technology completed the acquisition of 5% stake in Beijing Ctrowell Technology Corporation Limited (SZSE:300455) from controlling shareholders on December 24, 2019. Post completion, China Academy of Space Technology holds 5% stake in Beijing Ctrowell Technology Corporation Limited.