Ningbo Zhedong Construction Materials Group Co., Ltd. agreed to acquire an additional 30% stake in Ningbo Zhedong Property Co., Ltd. from Loctek Ergonomic Technology Corp. (SZSE:300729) for CNY 18 million on May 26, 2021. The consideration will be paid before June 25, 2021. Ningbo Zhedong Property Co., Ltd. reported total assets of CNY 57.9 million and Total owner’s equity of CNY 50.8 million for March 31, 2021. As a result of the transaction, Ningbo Zhedong Construction Materials Group Co., Ltd. stake in Ningbo Zhedong Property Co., Ltd. will be increased from 40% to 70% stake. The Board of Directors of Loctek Ergonomic Technology Corp. approved the transaction in 28th meeting of the 4th Board of Directors held on May 26, 2021.