Hengdian Group Tospo Lighting Co., Ltd. (SHSE:603303) agreed to acquire 70% stake in Wuhan Liangxinpeng Automotive Lighting Co., Ltd. for CNY 7 million on December 18, 2020. In a separate transaction, Hengdian Group Tospo Lighting Co., Ltd. also signed Equity Investment Intention Agreement with Xiao Mingcang and Xiao Shangfan to carry out Shanghai Liangqin Industrial Co., Ltd.'s capital increase of CNY 91 million to hold 70% stake.