Ningbo GQY Video & Telecom Joint-Stock Co., Ltd. (SZSE:300076) agreed to acquire 80% stake in Nanjing Anyuan Technology Co., Ltd. from a group of sellers for CNY 540 million in cash on January 12, 2017. This transaction plan has been reviewed and approved in the Ningbo GQY Video & Telecom Joint-Stock Co., Ltd.'s directorate and shareholder's meeting. This transaction is still subject to the approval of a second directorate meeting and shareholders’ meeting after the issuance of audit and appraisal report s of Nanjing Anyuan Technology Co., Ltd.