Shanghai Yili Enterprise Development Co., Ltd. signed a share transfer agreement to acquire 3.93% stake in Netac Technology Co., Ltd. (SZSE:300042) from Cheng Xiaohua for approximately CNY 200 million on December 10, 2017. As per terms, 5.25 million shares will be acquired at CNY 38.095 per share. On December 14, 2017, share transfer supplemental agreement is signed as per which deal terms revised. Shanghai Yili Enterprise Development Co., Ltd. will now acquire the stake at CNY 38.10 per share. Post completion, Cheng Xiaohua will own 6.5% stake in Netac Technology Co., Ltd. In related deal, Shanghai Yili Enterprise Development Co., Ltd. signed agreement to acquire stake in Netac Technology Co., Ltd. from Zhongke Huitong (Shenzhen) Equity Investment Fund Co., Ltd. Shanghai Yili Enterprise Development Co., Ltd. will acquire a total of 24.9% stake i.e. 33.3 million shares in both the deals. Shanghai Yili Enterprise Development Co., Ltd. completed the acquisition of 3.93% stake in Netac Technology Co., Ltd. (SZSE:300042) from Cheng Xiaohua on January 11, 2018. Post completion, Shanghai Yili Enterprise Development hold 24.93% stake in Netac Technology.