Beijing Teamsun Technology Co.,Ltd. (SHSE:600410) intends to acquire 3.95% stake in Telink Semiconductor Co, Ltd from Xinyu Zhongyu Gaopeng Xiangyun Investment Partnership Enterprise (Limited Partnership) for CNY 150 million on October 27, 2020. Under the terms, Beijing Teamsun will acquire 7,033,261 shares in Telink Semiconductor. Investors such as Beijing Zhongguancun M&A Fund of Fund Investment Center (Limited Partnership), Chairman of Beijing Teamsun Technology Wang Weihang, Beijing Teamsun Technology management team, Qingdao Paradise Silicon Valley Haixin Equity Investment Partnership (Limited Partnership), Hangzhou Paradise Silicon Valley Lingxin Equity Investment Partnership (Limited Partnership) and others will also directly or indirectly acquire the shares of Telink Semiconductor. As of December 31, 2019, Telink Semiconductor reported total assets of CNY 513.7 million, total liabilities of CNY 72.6 million, net assets of CNY 441.1 million, operating revenue of CNY 326.1 million, and net profit of CNY 62.3 million. As of June 30, 2020, total assets of CNY 758.6 million, total liabilities of CNY 39.9 million, net assets of CNY 718.7 million, operating revenue of 178.9 million, and net profit of 36.5 million. This transaction has been unanimously reviewed and approved by the Beijing Teamsun Technology's seventh interim Board of Directors on October 27, 2020. The equity transfer proceeds from Zhongyu Gaopeng will be allocated preferentially to Ping An Securities Zhixin No. 3 directional asset management plan.