Hangzhou Zhanneng Investment Management Partnership Enterprise (Limited Partnership) signed an equity transfer contract to acquire 47% in Neolink Communications Technology (Hangzhou) Ltd. from Aerospace Communications Holdings Co.,Ltd. (SHSE:600677) for CNY 38.5 million on December 3, 2019. In a related transaction, Hangzhou Zhanneng Investment Management Partnership Enterprise (Limited Partnership) signed an equity transfer contract to acquire 47% in Hangzhou Neolink Systems Co., Ltd. from Aerospace Communications Holdings Co.,Ltd. for CNY 1.