Hangzhou Zhongzheng Juhe Technology Partnership Enterprise (Limited Partnership) signed share transfer agreement to acquire 15% stake in Miaxis Biometrics Co., Ltd. from XGD Inc. (SZSE:300130) for CNY 19.5 million on June 23, 2021. As per terms Hangzhou Zhongzheng Juhe Technology shall pay 51% of consideration equivalent to CNY 9.9 million within 30 days from the date of signing of agreement. As of July 23, 2021, the company has received CNY 9.9 million for the first phase of equity transfer. This transaction was approved by the 13th session of the company’s 5th directorate. As of March, 31, 2021, Miaxis had total assets of CNY 146.8 million of total assets and net assets of CNY 112.2 million.