DAYOU HOLDINGS CO.,Ltd won a bid to acquire additional 10% stake in Jiangsu Huasheng Tianlong Photoelectric Co.,Ltd. (SZSE:300029) from Changzhou Noah Technology Co Ltd for approximately CNY 110 million on March 28, 2020. DAYOU HOLDINGS CO.,Ltd will acquire 20 million shares and will hold 25.6 million shares representing 12.8% stake post transaction. DAYOU HOLDINGS CO.,Ltd completed the acquisition of additional 10% stake in Jiangsu Huasheng Tianlong Photoelectric Co.,Ltd. (SZSE:300029) from Changzhou Noah Technology Co Ltd on April 26, 2020.