Sansure Biotech Inc. (SHSE:688289) agreed to acquire Hunan Hexing Electronics Co., Ltd. from Hexing Electrical Co.,Ltd (SHSE:603556) for approximately CNY 70 million on January 28, 2021. Sansure Biotech Inc. will pay 50% of the consideration within 5 days after signing the agreement date and remaining 50% will paid after completion of the transaction. As of December 31, 2020, Hunan Hexing Electronics Co., Ltd. recorded total assets of CNY 33.17 million, net assets of CNY 27.48 million, total revenue of CNY 4.34 million and net profit of CNY 1.4 million.

The transaction has been unanimously approved by Board of Directors of Sansure Biotech Inc.