SZ Capital signed a share transfer framework agreement to acquire 18.94% stake in Huaxun Fangzhou Co., Ltd. (SZSE:000687) from China Communication Techonlogy Co.,Ltd. for approximately CNY 860 million on July 30, 2019. SZ Capital will acquire 145 million shares for CNY 5.94 each. SZ Capital cancelled the acquisition of 18.94% stake in Huaxun Fangzhou Co., Ltd. (SZSE:000687) from China Communication Techonlogy Co.,Ltd. on July 30, 2020.