Beijing Unis Memory Technology Co., Ltd. agreed to acquire Xi'an UniIC Semiconductors Co., Ltd. from Unigroup Guoxin Microelectronics Co., Ltd. (SZSE:002049) for approximately CNY 220 million on October 11, 2018. As on May 31, 2019, Beijing Unis Memory Technology Co., Ltd. agreed to acquire 76% stake in Xi'an UniIC Semiconductors Co., Ltd. from Unigroup Guoxin Microelectronics Co., Ltd. for approximately CNY 170 million. Post acquisition, Unigroup Guoxin will hold no stake in Xi'an UniIC Semiconductors Co., Ltd. As on May 31, 2019, upon completion, Unigroup Guoxin Microelectronics Co., Ltd. will hold 24% stake in Xi'an UniIC Semiconductors Co., Ltd. As of December 31, 2017, Xi'an UniIC Semiconductors reported total asset of CNY 234.5 million, net assets of CNY 32.7 million, revenue of CNY 342.8 million and net loss of CNY 12 million. The transaction is subject to approval of shareholders of Unigroup Guoxin Microelectronics. The transaction has obtained the approvals of Unigroup Guoxin Microelectronics's 22nd session of the 6th Directorate meeting and 9th session of the 6th supervisory Board meeting on October 11, 2018. The Proposal on adjusting the equity transfer has been approved by the Board of Unigroup Guoxin Microelectronics Co., Ltd. on May 31, 2019. Beijing Unis Memory Technology Co., Ltd. cancelled the acquisition of Xi'an UniIC Semiconductors Co., Ltd. from Unigroup Guoxin Microelectronics Co., Ltd. (SZSE:002049) on October 11, 2019.