Will Semiconductor Co., Ltd. (SHSE:603501) signed an equity transfer agreement to acquire 20.07% stake in Beijing Vision Source Technology Development Co., Ltd. from a group of seller for $0.40 million on July 17, 2019. Under the term, DDS Inc., Wayne Wei-ming Dai, Shoichi Ryu, Wang Ching Miao Wilson, Innovation Engine Co., Ltd, Hideki Okauchi, Hiroko Mihara and Advanced Technology Industry Creation Investment Limited Partnership will transfer 5.12%, 4.59%, 3.29%, 3.21%, 1.19%, 0.92%, 0.90% and 0.85% stake in Beijing Vision Source Technology Development at a transfer price of $0.10 million, $0.09 million, $0.07 million, $0.06 million, $0.02 million, $0.02 million, $0.02 million and $0.02 million respectively. The payment will be done within 180 days after the completion of the equity transfer registration.

The transaction does not need approval of the board of directors of Will Semiconductor.