Phenix Optical Company Limited (SHSE:600071) signed an equity acquisition intension agreement to acquire Nanjing Guosheng Electronic Co., Ltd. and Hebei Poshing Electronics Technology Co., Ltd. from group of sellers on September 17, 2021. Phenix will acquire 72.19% stake in Nanjing Guosheng Electronic from CETC Semiconductor Materials, 15.4% from CEC Electronic Information Industry Investment Fund (Tianjin) Partnership (Limited Partnership), 7.4 % from Shanghai Ruifan Technology Co., Ltd., 2.6 % from Nanjing Shenghong Technology Information Consulting Partnership (Limited Partnership) and 2.4% from Nanjing Shengxin Technology Information Consulting Partnership (Limited Partnership) and 50.04% stake in Hebei Poshing Electronics from CETC Semiconductor Materials, 8 % from Tianjin Tianchuang Haihe Advanced Equipment Manufacturing Industry Fund Partnership (Limited Partnership), 8% from Yangzhou Liangmao Investment Management Partnership (Limited Partnership), 4.5% from Zhejiang Hongji Holdings Co., Ltd, 3.8% from Zhejiang Huidefeng Investment Co., Ltd., 2.8% from Jiaxing Leiju Investment Partnership (Limited Partnership), 2.7% from Zhejiang Baolian Holding Group Co., Ltd., 1.3% from CEC Electronic Information Industry Investment Fund (Tianjin) Partnership (Limited Partnership) and 19.3% from other individuals including Liu Zhiqiang. Consideration under the transaction will be satisfied by issuance of shares. As of September 30, 2021, Phenix Optical Company Limited intends to raise supporting funds from no more than 35 specific investors through non-public issuance of shares by way of inquiry. The total amount of supporting funds raised shall not exceed 100% of the transaction price of the issuance of shares to purchase assets, and the number of issued shares shall not exceed the listing 30% of the company's total share capital. The types of stocks used in this issuance of shares to purchase assets are domestic listed RMB ordinary shares (A shares), each with a par value of RMB 1.00 and Issuance price will be RMB 12.8 per share. Transaction is subject to approval of board and shareholders of Phenix Optical Company Limited and approval by the competent regulatory authority.

Phenix Optical Company Limited (SHSE:600071) cancelled the acquisition of Nanjing Guosheng Electronic Co., Ltd./Hebei Poshing Electronics Technology Co., Ltd. from group of sellers on May 31, 2022. The transaction was terminated at the 17th meeting of the 8th Board of Directors and 16th meeting of the 8th Supervisory Committee of Phenix Optical Company.