Ningbo Meishan Bonded Port Area Xuanyuan Business Management Consulting Partnership Enterprise (LP), Zhuhai Juge Equity Investment Fund Enterprise (Limited Partnership), Wang Jingfu, Jian Zhuowei, Ceng Meiling, Ningbo Meishan Bonded Port Area Xunying Business Management Consulting Partnership Enterprise (LP), Guo Yuanyuan, Lin Yusheng, Lv Danfeng, Deng Fengjuan, Huang Yitao, Zeng Meiling, Cao Miao and Guo Yunlong agreed to acquire 65% stake in Guangzhou Liuhuan Information Technology Co., Ltd and 80% stake in Guangzhou Leichen Technology Co., Ltd. from Guangzhou Shiyuan Electronic Technology Company Limited (SZSE:002841) for CNY 27.4 million on March 10, 2020. As reported, Ningbo Meishan Bonded Port Area Xuanyuan Business Management Consulting Partnership Enterprise (LP), Zhuhai Juge Equity Investment Fund Enterprise (Limited Partnership), Wang Jingfu, Jian Zhuowei and Ceng Meiling will acquire 30% stake, 32.37% stake, 1.05% stake, 1.05% stake and 0.53% stake respectively totaling 65% stake in Guangzhou Liuhuan Information Technology Co., Ltd from Guangzhou Shiyuan Electronic Technology Company Limited for CNY 12.4 million. Ningbo Meishan Bonded Port Area Xunying Business Management Consulting Partnership Enterprise (LP), Zhuhai Juge Equity Investment Fund Enterprise (Limited Partnership), Guo Yuanyuan, Lin Yusheng, Lv Danfeng, Deng Fengjuan, Huang Yitao, Jian Zhuowei, Zeng Meiling, Cao Miao and Guo Yunlong will acquire 45% stake, 23.99% stake, 2.67% stake, 2.67% stake, 1.06% stake, 1.06% stake, 1.06% stake, 1.06% stake, 0.64% stake, 0.53% stake and 0.26% stake respectively in Guangzhou Leichen Technology Co., Ltd from Guangzhou Shiyuan Electronic Technology Company Limited for CNY 15.04 million. Following the sale, Guangzhou Shiyuan Electronic Technology Company Limited will hold 20% stake each in Guangzhou Liuhuan Information Technology Co., Ltd and Guangzhou Leichen Technology Co., Ltd. As at November 30, 2019, Guangzhou Liuhuan Information Technology Co., Ltd reported total assets of CNY 27.4 million and net assets of CNY 7.4 million while Guangzhou Leichen Technology Co., Ltd. reported total assets of CNY 19.8 million and net assets of CNY 9.2 million. The transaction has been approved in the 24th Meeting of Guangzhou Shiyuan Electronic Technology Company Limited's 3rd Directorate held on March 10, 2020.