Xiamen Intretech Inc. (SZSE:002925) signed share transfer agreement to acquire Zhangzhou Malata Electrical Appliance Co., Ltd from Malata Group Co., Ltd. for approximately CNY 170 million on February 25, 2021. As per the terms, within 30 days from the delivery date, Xiamen Intretech Inc must pay the transfer price. As of December 31, 2020, Zhangzhou Malata Electrical Appliance Co., Ltd has total assets of CNY 114 million, net assets of CNY 108.9 million, revenue of CNY 27.5 million and net loss of 0.35 million. The transaction has been approved in the 7th Meeting of Xiamen Intretech Inc’s 4th Directorate held on February 25, 2021, and does not need the Shareholders’ Approval. Xiamen Intretech Inc. (SZSE:002925) completed the acquisition of Zhangzhou Malata Electrical Appliance Co., Ltd from Malata Group Co., Ltd. on April 8, 2021.