Jutze Intelligent Technology Co., Ltd. (SZSE:300802) agreed to acquire remaining 25% stake in Suzhou Jutze Electronic Technology Co., Ltd. from Cui Ling and Zhang Han for CNY 96.5 million on December 31, 2019. The agreement was signed on February 10, 2020. Jutze Intelligent Technology Co., Ltd will issue 1.5 million shares and CNY 20 million in cash as consideration. Cui Ling and Zhang Han will sell 12.5% stake each. On June 3, 2020, the number of shares to be issued in consideration changed to 2.45 million. The vendors will be issued shares equally. Jutze Intelligent Technology Co., Ltd. will now acquire the stake for CNY 102.6 million. On completion, Jutze Intelligent Technology will own 100% stake. As of December 31, 2018, Suzhou Jutze Electronic Technology reported total assets of CNY 211.2 million and net assets of CNY 101.8 million. For the year ended December 31, 2018, Suzhou Jutze Electronic Technology reported revenue of CNY 284.1 million, operating profit of CNY 36 million and net profit of CNY 31.6 million. The transaction is subject to Jutze Intelligent Technology's Directorate’s approval after the audit and assessment work are completed, Jutze Intelligent Technology's shareholders' approval, CSRC’s approval and other necessary approvals. The transaction has obtained Suzhou Jutze Electronic Technology’s shareholders meeting’s approval and approval of the 8th Meeting of 2nd Directorate of Jutze Intelligent Technology. As of May 19, 2020, the transaction has received approval of the 8th Meeting of 2nd Directorate of Jutze Intelligent Technology. On April 9, 2020, Jutze Intelligent Technology Co received China Securities Regulatory Commission' approval for asset acquisition and issue of shares and payment of cash for asset purchases. Official document issued by the China Securities Regulatory Commission for approval has not been received by Jutze Intelligent Technology. Share trade to resume on April 10, 2020. Xie Wen, Zhang Jixiang, Shen Zhonghua, Zhou Bo, Song Wang Yinjun and Mou Peilu of Industrial Securities Co., Ltd. (SHSE:601377) acted as financial advisers, Jin Shisheng and Wang Junran of Grandall Law Firm acted as legal advisers and Wang Liang and Wu Xiaorui of ShineWing Certified Public Accountants Co., Ltd. acted as accountants for Jutze Intelligent Technology Co., Ltd. in the transaction. Jutze Intelligent Technology Co., Ltd. (SZSE:300802) completed the acquisition of remaining 25% stake in Suzhou Jutze Technologies Co., Ltd. from Cui Ling and Zhang Han on June 10, 2020.