Hengtong Optic-Electric Co., Ltd. (SHSE:600487) agreed to acquire Suzhou Hengtong Huanwang Information Service Co., Ltd. from Hengtong Group Co., Ltd for CNY 23.7 million on July 24, 2021. Hengtong Optic-Electric will pay 50% of the equity transfer funds to the designated bank account of Hengtong Group in cash on the day when the equity transfer agreement is signed, and pay 50% of the equity transfer funds to Hengtong by cash within 5 days from the date of completion of the industrial and commercial change registration. The transaction has been reviewed and approved at the third meeting of Hengtong Optic-Electric's eighth board of directors and does not need to be submitted to the shareholders meeting for deliberation. The present transaction was also approved by the third meeting of the company's eighth board of supervisors.