Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) signed the share transfer intent agreement to acquire additional 12.86% stake in Mouxin Technology (Shanghai) Co., Ltd. from Lhasa Junqi Enterprise Management Co., Ltd. for CNY 5 million on January 26, 2021. Under the terms, Shanghai Fullhan will make one time deposit payment of CNY 5 million Within 10 days after the agreement effective date. As of February 5, 2021, Shanghai Fullhan Microelectronics signed a share transfer agreement to acquire Mouxin Technology (Shanghai) from Lhasa Junqi Enterprise Management for CNY 67.5 million. In a related transaction, Shanghai Fullhan signed a share transfer intent agreement to acquire an additional 19.6% stake in Mouxin Technology (Shanghai) Co., Ltd. from Shanghai Shiqing Enterprise Management Center (Limited Partnership), Shanghai Lingxin Enterprise Management Center (Limited Partnership) and Yang Songtao for CNY 262.9 million on January 26, 2021. Post closing of the above transactions, Shanghai Fullhan Microelectronics will be owning 51% stake in Mouxin Technology (Shanghai). The transaction is subject to Shanghai Fullhan Microelectronics shareholders. As of January 26, 2021, the Shanghai Fullhan Microelectronics board approved the intention to acquire Mouxin Technology (Shanghai). As of December 31, 2020, Mouxin Technology (Shanghai) reported total assets of CNY 97.32 million, total liabilities of CNY 24.51 million, net assets of CNY 72.81 million, revenue of CNY 21.94 million, operating loss of CNY 107.52 million and net loss of CNY 103.38 million.