Xiamen Zhonglihe Investment Partnership (Limited Partnership) agreed to acquire 10.92% stake in Zhangzhou Intretech Plastic Industry Co., Ltd from Xiamen Intretech Inc. (SZSE:002925) for CNY 5.4 million on November 1, 2018. Under the terms of the transaction, payment will be done in 2 installments of 50% of the price each, first installment will be paid within 20 days since signing of the agreement and second installment will be paid before January 31, 2019. In a related transaction, Xiamen Zhongxinli Investment Partnership (Limited Partnership) agreed to acquire 7.08% stake in Zhangzhou Intretech Plastic Industry Co., Ltd from Xiamen Intretech Inc. for CNY 3.5 million on November 1, 2018. Zhangzhou Intretech Plastic Industry Co., Ltd reported total assets of CNY 159.6 million and net assets of CNY 91.6 million as of December 31, 2017 and operating profit of CNY 271.6 and net profit of CNY 57.8 million for the year ended December 31, 2017. The transaction is approved by the Board of Xiamen Intretech Inc.