Hangzhou Ziguang Communication Technology Co., Ltd. agreed to acquire remaining 56% stake in Jointcom Communication Technology Co., Ltd. from Sunwave Communications Co.Ltd (SZSE:002115) on January 8, 2020. Hangzhou Ziguang Communication Technology Co., Ltd. will issue shares equivalent to 6.6 million shares or 14.91% in itself for the deal. Pre deal, Hangzhou Ziguang Communication Technology Co., Ltd. held 44% stake and post completion, it will hold 100% stake in Jointcom Communication Technology Co., Ltd. Jointcom Communication Technology Co., Ltd. operates as a wholly owned subsidiary of Hangzhou Ziguang Communication Technology Co., Ltd. Hangzhou Ziguang Communication Technology Co., Ltd. completed the acquisition of remaining 56% stake in Jointcom Communication Technology Co., Ltd. from Sunwave Communications Co.Ltd (SZSE:002115) on July 23, 2020. As of July 23, 2020, Hangzhou Ziguang Communication Technology Co., Ltd. and Jointcom Communication Technology Co.,Ltd. have officially completed the industrial and commercial registration procedures for the equity change. The shares of Hangzhou Ziguang Communication Technology Co., Ltd. held by Sunwave Communications Co.Ltd have been in the Beijing Branch of China Securities Depository and Clearing Co., Ltd. Registration is complete.