Sunwave Communications Co.Ltd (SZSE:002115) intends to acquire remaining 40% stake in Zhejiang Sunwave Lipway Network Co., Ltd. from Haikou Zhiwei Network Wireless Network Technology Partnership (Limited Partnership) for CNY 2.75 million on December 22, 2021. After the completion of the acquisition, Sunwave Lipway will become a wholly-owned subsidiary of the company, and the financial assistance agreement between the company and it will be automatically terminated. The connected transaction has been unanimously approved at the 17th meeting of the 6th Board of Directors of Sunwave Communications.