Jinggangshan Zhongcheng Investment Consulting Center Partnership Enterprise (Limited Partnership) signed the share transfer agreement to acquire 4.39% stake in Jiangsu Hichain Logistics Co., Ltd from Luxshare Precision Industry Co., Ltd. (SZSE:002475) for CNY 27.6 million on November 24, 2017. Post-acquisition, Luxshare Precision Industry will no longer own any stake in Jiangsu Hichain Logistics. As of December 31, 2016, Jiangsu Hichain Logistics Co., Ltd reported total assets of CNY 679.9 million, net assets of CNY 424.8 million, revenue of CNY 589.7 million, operating profit of CNY 47.25 million and net profit of CNY 68.55 million.

The transaction is approved by the Board of Directors of Luxshare Precision Industry Co., Ltd.