Winner Technology Co., Inc. (SZSE:300609) signed an equity transfer agreement to acquire remaining 31.49% stake in Chengdu YUNDVISION Technology Co., Ltd. from Yong Shiping and Chengdu Yunzhi Innovation Technology Partnership (Limited Partnership) for CNY 10.4 million on August 7, 2020. Under the term, Yong Shiping will transfer 26.9906% equity of YUNDVISION Technology for CNY 8.91 million and Chengdu Yunzhi Innovation Technology will transfer 4.4984% equity of YUNDVISION Technology for CNY 1.48 million. Winner Technology shall pay the equity transfer payment within 15 working days from the date of signing this agreement. Post completion, Winner Technology will hold 100% equity of YUNDVISION Technology. The consideration will be funded from Winner Technology's own fund. As of December 31, 2019, YUNDVISION Technology reported total assets of CNY 41.23 million, net assets of CNY 31.87 million, revenue of CNY 43.73 million and net profit of CNY 6.76 million. The transaction was approved by the 3rd meeting of the 3rd directorate of Winner Technology on August 7, 2020 and no need to submit to the shareholders’ meeting.