TCL Industries Holdings Co., Ltd. agreed to acquire 71% in Huizhou TCL Environmental Resources Co., Ltd. from TCL Corporation (SZSE:000100) for approximately CNY 270 million on October 30, 2019. An agreement will also be signed. In related transaction, TCL Electronics (Huizhou) Co., Ltd. agreed to acquire Shenzhen HAWK Internet Co., Ltd. from TCL Corporation for approximately CNY 200 million. As on June 30, 2019, Huizhou TCL Environmental Resources Co., Ltd. reported total assets of CNY 1.5 million. TCL Industries Holdings Co., Ltd. completed the acquisition of 71% in Huizhou TCL Environmental Resources Co., Ltd. from TCL Corporation (SZSE:000100) in November 2019.