Shenzhen Jasic Technology Co.,Ltd. (SZSE:300193) signed an agreement to acquire remaining 49% stake in Shenzhen Solgoo Technology Co., Ltd. from Diao Shouwei and Wu Yu for CNY 67.4 million on April 26, 2020. According to the Supplementary Agreement to the Transfer Agreement stipulates that the company uses its own funds for the payment of consideration. As per the agreement, Shenzhen Jasic Technology Co.,Ltd. will acquire 36.75% and 12.25% stake from Diao Shouwei and Wu Yu respectively. Post completion, Shenzhen Jasic Technology Co.,Ltd. will hold 100% stake of Shenzhen Solgoo Technology Co., Ltd.For the period ended December 31, 2019, Shenzhen Solgoo Technology Co., Ltd. has reported total assets of CNY 75.1 million, net assets of CNY 41.22 million, revenues of CNY 139.32 million and net profit of CNY 13.97 million. Transaction does not need the approvals of the Shenzhen Jasic Technology Co.,Ltd. ’s Directorate and Shareholders.