Zhou Weiwei and Xu Wenqin signed a transfer agreement to acquire Toyo Knife (shanghai) Co.,ltd. from Toyo Knife Co., Ltd. (TSE:5964) on August 10, 2018. Toyo Knife (shanghai) Co.,ltd. reported net assets of ¥6.96 million, total assets of ¥9.96 million, sales of ¥10.96 million and operating income of ¥0.33 million and net income of ¥0.34 million as of December 31, 2017. Board of Toyo Knife Co., Ltd resolved in favor of the deal on August 10, 2018. Zhou Weiwei and Xu Wenqin completed the acquisition of Toyo Knife (shanghai) Co.,ltd. from Toyo Knife Co., Ltd. (TSE:5964) on January 22, 2019.