Beijing Dinghan Technology Group Co., Ltd. (SZSE:300011) signed the equity Transfer Agreement to acquire remaining 45% stake in Guangzhou Dinghan Rail Transit Equipment Co., Ltd. from Guangzhou Jiufeng Investment Management Co., Ltd. and Guangzhou Minxi Investment Management Co., Ltd for CNY 11.3 million on December 18, 2020. Beijing Dinghan Technology Group Co., Ltd. will use its own funds to acquire the stake. After the completion of this acquisition, Beijing Dinghan Technology Group Co., Ltd. shareholding in Guangzhou Dinghan Rail Transit Equipment Co., Ltd. will be changed from 55% to 100%. Beijing Dinghan Technology Group Co., Ltd. will acquire 300 shares representing 30% stake from Guangzhou Jiufeng Investment Management Co., Ltd. for CNY 7.5 million and 150 shares representing 15% stake from Guangzhou Minxi Investment Management Co., Ltd. for CNY 3.75 million. Beijing Dinghan Technology Group Co., Ltd. will pay CNY 3 million and CNY 1.5 million within 10 days of the agreement and CNY 4.5 million and CNY 2.25 million within 3 months from the date when Guangzhou Dinghan Rail Transit Equipment Co., Ltd. has been in operation for three years (i.e November 23, 2020). As of September 30, 2020 Guangzhou Dinghan Rail Transit Equipment Co., Ltd. has total assets of 10.7 million and net assets of negative CNY 6.4 million. The acquisition has been reviewed and approved at the fifth meeting of Beijing Dinghan Technology Group Co., Ltd. fifth board of directors, and approved by independent directors. All parties agree to complete the industrial and commercial change registration of this equity transfer before March 1, 2021.