Centre Testing International Group Co. Ltd. (SZSE:300012) agreed to acquire VESP Technology Corp. from Enplas Semiconductor Peripherals Pte.

Ltd.,Bright Future Cayman Limited and others for approximately CNY 160 million on November 9, 2022. VESP Technology has reported total assets of CNY 207.7046 million and net assets of CNY 6.4142 million on December 31, 2021. As on November 17, 2022, Centre Testing International Group has signed an agreement to acquire VESP Technology for approximately CNY 160 million (subject to the exchange rate at the time of actual payment) on November 16, 2022.

Bright Future will sell stake in CNY 85.2223 million, Shanghai Weiyouhong will sell in CNY 0.781937 million, Shanghai Weishijin will sell in CNY 0.635585 million, Shanghai Weizhenyou will sell stake in CNY 0.244617 million, CITIC Venture Capital will sell stake in CNY 41.297068 million, Hefei New Economic will sell stake in CNY 17.806848 million, ENPLAS will sell stake in CNY 14.53 million and Wan Jun will sell stake in CNY 2.804521 million. As per the agreement, Centre Testing International Group will pay the transfer price to Bright Future in two installments: Centre Testing International shall pay Bright Future 80% of the equity transfer price within ten working days from the date when all payment terms are fulfilled. Centre Testing International shall pay the second instalment at the end of the 12th month from the delivery date (if the given month falls on the 31st, it will be the 31st day; if the given month falls on the 30th, then it will be the 30th day) or within ten business days of the date on which the equipment that should be transferred to the VESP has been transferred to the VESP.