Jingdezhen Sheng Photoelectric Industry Investment and Development Co., Ltd. agreed to acquire 21.25% stake in Guangdong Zhengye Technology Co., Ltd. (SZSE:300410) from Dongguan Zhengye Industrial Investment Co., Ltd. for CNY 900 million on June 10, 2021. Jingdezhen Sheng Photoelectric Industry Investment and Development Co., Ltd. signed a share transfer agreement to acquire 21.25% stake in Guangdong Zhengye Technology Co., Ltd. from Dongguan Zhengye Industrial Investment Co., Ltd. on June 18, 2021. The consideration shall be paid as CNY 160 million within second working day from the agreement shall be paid to the joint account as a performance bond; on the same day, CNY 40 million shall be paid to the joint account as the advance payment for the transaction; After the transfer of 12% of the underlying shares for the first delivery, CNY 160 million performance bond will be converted into the same amount of the share transfer price, and another CNY 160 million shall be paid to the joint account within 20 days; within 30 working days after all the procedures for the transfer of 12% of the shares are completed, CNY 360 million shall be paid to the co-managed account; within 5 working days after the completion of all the remaining shares, that is, the transfer of the 9.25% target shares for the second delivery, shall pay the remaining total amount of CNY 179 million. As per terms, 79.4 million shares will be acquired in two times: in the first delivery, 44.8 million shares equivalent to 12% stake and in the second delivery, 34.6 million shares equivalent to 9.25% of the stake. Post completion, shareholding of Dongguan Zhengye Industrial Investment Co., Ltd. will reduce from 42.94% to 21.69%. The transaction needs to be approved by the Shareholder of Jingdezhen Sheng Photoelectric Industry Investment and Development Co., Ltd. and Jingdezhen State-owned Assets Supervision and Administration Commission. Jingdezhen Hesheng Industrial Investment Development Co.,Ltd completed the acquisition of 21.25% stake in Guangdong Zhengye Technology Co., Ltd. (SZSE:300410) from Dongguan Zhengye Industrial Investment Co., Ltd. on July 20, 2021. On July 6, 2021, Jingdezhen State-owned Assets Supervision and Administration Commission and on July 20, 2021, this transaction passed the review of the concentration of operators by State Administration for Market Regulation(Anti-monopoly Review) approved.