Nanjing Inform Storage Equipment (Group) Co., Ltd. (SHSE:603066) signed an intent agreement to acquire ROBO Technologies Automation (Suzhou) Co., Ltd. from Changdu Yanlongtai Venture Capital Co., Ltd., Hainan Zhishu Investment Co., Ltd., Suzhou Zhishu Industry Fund Partnership Enterprise (Limited Partnership), Shanghai Jieju Enterprise Management Partnership Enterprise (Limited Partnership), Tang Shuzhe and 6 other individuals for approximately CNY 500 million on May 20, 2021. The equity transfer agreement was signed on September 28, 2021. The consideration will be paid in cash. Hainan Zhishu Investment Co., Ltd. holds 26.9%, Changdu Yanlongtai Venture Capital Co., Ltd. holds 15.8%, Suzhou Zhishu Industry Fund Partnership Enterprise (Limited Partnership) holds 13.9%, Shanghai Jieju Enterprise Management Partnership Enterprise (Limited Partnership) holds 7.5%, Tang Shuzhe holds 11.4% and 6 other individual together holds remaining 24.34% stake in ROBO Technologies Automation (Suzhou) Co., Ltd. As of April 30, 2021, total asset of ROBO Technologies were CNY 414.9388 million, net assets were CNY 28.2236 million, Operating income was 45.9329 million, Net profit was CNY (7.7376) million. As of September 28, 2021, the transaction was approved by the Board of Directors of Nanjing Inform Storage Equipment (Group). As on October 14, 2021, the transaction was approved by the First Extraordinary General Meeting of Shareholders of Nanjing Inform Storage Equipment (Group) Co., Ltd.