Beijing Digital Telecom Co., Ltd. (SEHK:6188) entered into equity transfer agreement to acquire 15% stake in China Ocean Intelligent Equipment Manufacturing (Shenzhen) Company Limited from Digital Science & Technology Group Limited for CNY 7.5 million on June 28, 2019. The consideration shall be payable by way of bank transfer in a lump sum on or before July 28, 2019. For the period ended December 31, 2018, China Ocean Intelligent Equipment Manufacturing (Shenzhen) Company Limited has reported total revenue of CNY 68.65 million, income before tax of CNY 6.59 million, net income after tax of CNY 4.43 million, total assets of CNY 110.46 million and net assets of CNY 56.89 million. Completion shall take place after payment of consideration and before July 28, 2019.