NavInfo Co., Ltd. (SZSE:002405) signed an agreement to acquire remaining 40% stake in Beijing Liufen Technology Co., Ltd. from Ningbo Meishan Bonded Port Area Jiaye Investment Management Partnership (Limited Partnership) on April 26, 2019. NavInfo Co., Ltd. holds 60% stake and Ningbo Meishan Bonded Port Area Jiaye Investment Management Partnership (Limited Partnership) holds 40% stake. Post completion, NavInfo Co., Ltd., Ningbo Meishan Bonded Port Area Zhiwei Investment Management Partnership (limited partnership), China Telecom Group Investment Co., Ltd. and China Internet Investment Fund will subscribe to newly registered capital in Beijing Liufen Technology Co., Ltd. Post completion of subscription, NavInfo Co., Ltd. will hold 45% stake, Ningbo Meishan Bonded Port Area Zhiwei Investment Management Partnership (limited partnership) will hold 30% stake, China Telecom Group Investment Co., Ltd. will hold 20% stake and China Internet Investment Fund will hold 5% stake.