Junxin Industrial (Shenzhen) Co., Ltd. agreed to acquire 1.46% stake in Beijing National Battery Technology Co., Ltd. from ShenZhen Clou Electronics Co., Ltd. (SZSE:002121) for approximately for CNY 100 million on September 13, 2017. As of December 31, 2016, Beijing National Battery Technology Co., Ltd. had total assets of CNY 2.18 billion, total liabilities of CNY 1.1 billion, and net assets of CNY 1.04 billion, and in 2016, had revenue of CNY 1.17 billion, operating profit of CNY 256.75 million, and net profit of CNY 227.96 million. The transaction was approved by ShenZhen Clou Electronics Co., Ltd. in it's 28th (extraordinary) meeting of 6th directorate, and is subject to the shareholders’ approval.