BOE Technology Group Company Limited (SZSE:000725) agreed to acquire an unknown stake in Chengdu Zhongdian Panda Display Technology Co., Ltd. from group of shareholders on November 30, 2020. As of date Chengdu Zhongdian Panda Display Technology Co., Ltd. is held as 30.71% by Chengdu Advanced Manufacturing Industry Investment Co., Ltd., 21.43% by Chengdu Airport Xingcheng Investment Group Co., Ltd., 17.14% by Nanjing CLP Panda Information Industry Group Co., Ltd., 14.29% by Chengdu Airport Xingcheng Construction Management Co., Ltd., 11.43% by China Electronics Information Industry Group Co., Ltd. and 5.00% by Sichuan Integrated Circuit and Information Security Industry Investment Fund Co., Ltd. In related private placement transaction BOE Technology Group Company Limited will increase the capital of the Chengdu Zhongdian Panda Display Technology Co., Ltd. by investing CNY 7550 million. For the period ending June 30, 2020, total asset and net asset of Chengdu Zhongdian Panda Display Technology Co., Ltd. was approximately CNY 32 billion and approximately CNY 11.8 billion respectively. Revenue and net loss for the year ending December 31, 2019, was approximately CNY 3.6 billion and CNY 965 million respectively. The transaction was approved at the seventeenth meeting of the ninth directorate and the first extraordinary general meeting of shareholders in 2020.