Eternal Asia Supply Chain Management Ltd. (SZSE:002183) agreed to acquire remaining 40% stake in Shenzhen Yipinhui Import and Export Co., Ltd. from Chen Guanming for CNY 5.2 million on July 23, 2020. As per terms of transaction, consideration will be fund from own resources and will be in the form of cash. Consideration will be paid within 20 days, after signing the equity transfer agreement. Post completion, Eternal Asia Supply Chain Management Ltd. will hold 100% stake in Shenzhen Yipinhui Import and Export Co., Ltd. For the year ended December 31, 2019, reported total assets of approximately CNY 13.6 million, net assets of approximately CNY 10.7 million, operating revenue of approximately CNY 43 million, operating profit of approximately CNY 0.768 million and net profit of approximately CNY .981 million. Transaction is approved by the board of Eternal Asia Supply Chain Management Ltd.