HC SemiTek Corporation (SZSE:300323) agreed to acquire 33.4% stake in Tianjin Gesheng Technology Co., Ltd. from Tianjin Huitong Xinda Investment Management Partnership Enterprise on January 23, 2021. The transaction has been approved in the 10th Meeting of HC SemiTek's 4th Directorate held on January 23, 2021, and does not need the Shareholders’ Approval.