Zhao Baorui, Liu Shaochuan, Pei Aiwei, Liu Shipeng and Wang Shuhua agreed to acquire additional 36% stake in Zhuhai Winner Auto Lamp Manufacturing Co.,Ltd. from Shenzhen Refond Optoelectronics Co.,Ltd. (SZSE:300241) for CNY 25 million on April 13, 2021. The buyers will pay the equity transfer price among the original shareholders in proportion to the shareholding ratio. Both Party A (Shenzhen Refond Optoelectronics) and Party B (Zhao Baorui, Liu Shaochuan, Pei Aiwei, Liu Shipeng and Wang Shuhu) agreed that Party B will transfer 15% from 36% equity of Zhuhai Winner Auto Lamp Manufacturing Co.,Ltd. to the new management party (Liang Wenli) for free. The remaining 21% of the 36% equity of the target company will be distributed according to the shareholding ratio of the original shareholders. Post completion, Shenzhen Refond Optoelectronics will own 15% in Zhuhai Winner Auto Lamp. The first payment, totaling CNY 10 million, should be paid within 3 days from the date of signing of this agreement and no later than March 31, 2021; the second payment, totaling CNY 10 million, should be paid in before March 31, 2022; the third payment, totaling CNY 5 million, should be paid before March 31, 2023. The transaction will close by April 30, 2021.