Boshen (Hainan) Investment Co., Ltd. signed Share Transfer Agreement to acquire 5.53% stake in Ningbo Sunlight Electrical Appliance Co.,Ltd (SZSE:002473) from Shanghai Bank Bixin Asset Management Ltd. for CNY 68.2 million on October 18, 2021. As per terms of transaction, Boshen (Hainan) Investment Co., Ltd. will acquire 8.8 million shares at CNY 7.722 per share. Within 5 working days after the agreement signing, Boshen (Hainan) Investment Co., Ltd. will pay a deposit, which will be converted into part of the transfer payments. If within 5 days after the agreement signing no deposit is made, the agreement will be voided. Post completion, Shanghai Bank Bixin Asset Management Ltd. will hold 0% stake and Boshen (Hainan) Investment Co., Ltd. will hold 5.53% stake. In a related transaction, Shenzhen Baotong Technology Co., Ltd. signed Share Transfer Agreement to acquire 25% stake in Ningbo Sunlight Electrical Appliance Co.,Ltd from Shanghai Bank Bixin Asset Management Ltd. and Shenzhen Zhouji Tongshang Investment Co., Ltd. for approximately CNY 310 million.