Wu Bo signed an agreement to acquire 16.1% stake in Estun Automation Co., Ltd (SZSE:002747) for CNY 1.3 billion on March 20, 2018. Under the terms of transaction, Wu Bo will acquire135 million shares at CNY 9.52 per share. Prior to the transaction, Wu Bo held no stake and the seller held 16.1% stake in Estun Automation Co., Ltd. After the transaction, Wu Bo will hold 16.1% stake and the seller will hold no stake in Estun Automation Co., Ltd. Wu Bo completed the acquisition of 16.1% stake in Estun Automation Co., Ltd (SZSE:002747) on May 15, 2018.