Beijing Sanlian Hope Shin-Gosen Technical Service Co., Ltd. (SZSE:300384) agreed to acquire a 39.5% stake in Zhejiang Engineering Design Co., Ltd. from Hangzhou Chuangjia Investment Consulting Co., Ltd. for CNY 54.2 million on January 14, 2019. 10% of the transactional price will be paid within 5 days since signing of the definitive agreement. The extant 90% will be paid within 3 days since completion of delivery of underlying equity. Following completion, Hangzhou Chuangjia Investment Consulting Co., Ltd. will cease to hold any stake in Zhejiang Engineering Design Co., Ltd. As at June 30, 2018, Zhejiang Engineering Design Co., Ltd. had total assets of CNY 177.8 million and net assets of CNY 102.7 million. The transaction was approved by the Board of Directors of Beijing Sanlian Hope Shin-Gosen Technical Service Co., Ltd. on January 14, 2019.