Shenzhen Cotran New Material Co.,Ltd. (SZSE:300731) signed an equity transfer agreement to acquire 30% stake in Shenzhen Dongchuang Precision Technology Co., Ltd. from a group of sellers for approximately CNY 180 million on April 22, 2020. The sellers will start the transfer of 30% equity within 5 working days from the date that Shenzhen Cotran New Material first pays 30% of the subject asset transaction price. The sellers shall deliver all rights certificates and information documents related to Shenzhen Dongchuang Precision Technology’s asset to Shenzhen Cotran New Material when handling the delivery of the target asset. Shenzhen Dongchuang Precision Technology should return the performance bond of CNY 10 million to Shenzhen Cotran New Material within 2 days after the effective date of this agreement and another party has paid the transaction asset to the sellers. Ning Huaxiang is responsible for returning the performance bond. For the year ended December 31, 2019, Shenzhen Dongchuang Precision Technology had total assets of CNY 339 million, revenues of CNY 457.5 million, operating profit of CNY 38.8 million, net income of CNY 37.7 million and net assets of CNY 93.28 million. The transaction has been approved by the Board of Directors of Shenzhen Cotran New Material at the 19th meeting of the second session of the Board of Directors and the 17th meeting of the second session of the Supervisory Committee. The transaction is subject to Shenzhen Cotran New Material's shareholders' approval. The transaction is expected to be completed within 20 days from the date that Shenzhen Cotran New Material first paid 30% of the total transaction price of the underlying asset. Shenzhen Cotran New Material Co.,Ltd. (SZSE:300731) cancelled the acquisition of 30% stake in Shenzhen Dongchuang Precision Technology Co., Ltd. from a group of sellers on September 18, 2020. Due to the emergence and development of unpredictable events such as the new crown epidemic and international trade frictions, the external market environment has undergone major changes, resulting in the failure of transaction parties to reach consensus on core transaction terms and other aspects.