Ecriee Electronic Technology Co., Ltd. agreed to acquire 45.7% stake in Anhui Sun Create Electronics Co., Ltd (SHSE:600990) from East China Electronic Engineering Research Institute on March 11, 2019. On September 9, 2019, East China Electronic Engineering Research Institute signed a “free transfer agreement for state-owned shares” with Ecriee Electronic Technology Co., Ltd. The change of equity still requires the China Securities Regulatory Commission to agree to exempt Ecriee Electronic Technology Co., Ltd from the tender offer obligation in Anhui Sun Create Electronics Co., Ltd. On March 11, 2019, the directors of the 38 directors decided to transfer the 45.67% shares of Anhui Sun Create Electronics Co., Ltd held by East China Electronic Engineering Research Institute to Ecriee Electronic Technology Co., Ltd. On July 5, 2019, the second meeting of the first board of directors of Ecriee Electronic Technology Co., Ltd made a resolution in 2019, and reviewed and approved the present plan. Ecriee Electronic Technology Co., Ltd. cancelled the acquisition of 45.7% stake in Anhui Sun Create Electronics Co., Ltd (SHSE:600990) from East China Electronic Engineering Research Institute on March 11, 2020.