BOE Technology Group Company Limited (SZSE:000725) signed Conditional Equity Acquisition Agreement to acquired 14.4% stake in Wuhan BOE Optoelectronics Technology Co., Ltd. from Wuhan Lingkong Port Economic and Technological Development Zone Industrial Development Investment Group Co., Ltd. for CNY 4 billion on January 15, 2021. The raised funds of CNY 20 billion will be used to acquire 14.44% of Wuhan BOE Optoelectronics Technology Co., Ltd. As of September 30, 2020, Wuhan BOE Optoelectronics Technology Co had total assets of CNY 42.4 billion and total shareholders' equity of CNY 22.5 billion. The board of BOE Technology Group Company Limited approved the deal.