Pei Lianwei signed an equity transfer agreement to acquire 30% stake in Shenzhen Yanfengda Technology Co., Ltd. from ShenZhen RoadRover Technology Co.,Ltd (SZSE:002813) for CNY 8 million on November 8, 2019. Pei Lianwei shall pay CNY 4 million before December 20, 2019, and shall pay another CNY 4 million before March 30, 2020. After the completion of the share transfer, ShenZhen RoadRover Technology will no longer holds shares in Shenzhen Yufengda. For the period ended December 31, 2018, Shenzhen Yanfengda Technology reported revenue of CNY 5.35 million, total assets of CNY 6.66 million, net loss of CNY 3.89 million and net liabilities of CNY 0.69 million. Transaction has been approved at the 14th temporary meeting of the third directorate of ShenZhen RoadRover Technology. Pei Lianwei acted as legal representative of Shenzhen Yanfengda Technology.