Cethik Group Co.,Ltd. agreed to acquire Assets and Liabilities of Phenix Optical Company Limited from Phenix Optical Company Limited (SHSE:600071) on November 2, 2021. Phenix Optical Company Limited will transfer all assets and liabilities, excluding all monetary funds, non-transferable taxes and deferred income tax liabilities, Jiangxi Yingrui Technology Co., Ltd.'s 100% stake, Shanghai Phenix Optoelectronics Co., Ltd.'s 75% stake, Danyang Guangming Optoelectronics Co., Ltd.'s 17% stake, and Jiangxi Building Co., Ltd.'s 5.814% stake, to Cethik Group Co., Ltd. or its designated wholly-owned subsidiary for cash. The transaction is subject to The Sellers' Approvals of the Official Transaction, The state-owned assets supervision and administration department's filing of the assessment reports, The Second Approval Phenix Optical Company Limited Directorate, The state-owned assets supervision and administration department's approval, Phenix Optical Company Limited Shareholders' Approval, The State Administration for Market Regulation's Concentration Review (if necessary) and The CSRC's Approval. The transaction has been Approval of the 13th Meeting of Phenix Optical Company Limited 8th Directorate, The Company's holding shareholder Phenix Optical Holding Stock Co., Ltd. and persons acting in concert China Electronics Technology HIK Group Co., Ltd. and Zhongdianke Investment Holding Co., Ltd.'s agreement in principle.



Cethik Group Co.,Ltd. cancelled the acquisition of Assets and Liabilities of Phenix Optical Company Limited from Phenix Optical Company Limited (SHSE:600071) on May 28, 2022. The deal has been terminated due to failure in obtaining the required approvals.