Shenzhen Refond Optoelectronics Co.,Ltd. (SZSE:300241) signed an agreement to acquire 51% stake in Zhuhai Winner Auto Lamp Manufacturing Co.,Ltd. from Zhuhai Juzhi Technology Partnership (Limited Partnership) for approximately CNY 100 million on October 12, 2018. Payment will be done in 2 installments. CNY 51 million will be paid within 5 days since completion of the shareholder agreement, Shenzhen Refond Optoelectronics Co.,Ltd.’s articles of association and any other documents required for the transaction being signed and becoming effective, Shenzhen Refond Optoelectronics Co.,Ltd. convening a board meeting in accordance with internal procedures to review and approve the transaction and other delivery prerequisites agreed in the agreement having been met. A second installment of CNY 51 million will be paid within 5 days since completion of delivery of underlying assets. After the transaction, Zhuhai Juzhi Technology Partnership (Limited Partnership) will no longer hold any equity in Zhuhai Winner Auto Lamp Manufacturing Co.,Ltd. The Board of Directors of Shenzhen Refond Optoelectronics Co.,Ltd. approved the transaction on October 12, 2018.