Zhongfu Information Inc. (SZSE:300659) agreed to acquire 42% stake in TIH Microelectronics Technology Co., Ltd. from Wei Dongxiao, Chen Zhijiang and Sun Qiang for CNY 6.8 million on July 7, 2021. Wei Dongxiao will sell 24.23%, Chen Zhijiang will 13.73% and Sun Qiang will sell 4.04% stake in TIH Microelectronics Technology Co., Ltd. Within 3 days after the agreement becomes effective, Zhongfu Information Inc. must pay the transfer price. After, Zhongfu Information Inc. will own 42% stake in TIH Microelectronics Technology Co., Ltd. TIH Microelectronics Technology Co., Ltd. reported total assets of CNY 30.80 million and net liability of CNY 17.82 million for April 30, 2021. This transaction still needs to be approved by Zhongfu Information Inc. shareholders’ meeting. On July 7, 2021, the 15th session of Zhongfu Information Inc. 5th directorate approved this transaction.