Lin Zhiqiang, Ye Jiting and Yang Ningen signed an agreement to acquire 8.86% stake in Ningbo Sunlight Electrical Appliance Co., Ltd. (SZSE:002473) from Apple (H.K.) Electrical Limited for approximately CNY 460 million on August 19, 2015. Lin Zhiqiang will acquire 7.8 million shares for CNY 238.9 million, Ye Jiting will acquire 2.2 million shares for CNY 67.4 million and Yang Ningen will acquire 5 million shares for CNY 153.2 million. After the transaction, Apple (H.K.) Electrical Limited will no longer hold a stake in Ningbo Sunlight Electrical Appliance.

Lin Zhiqiang, Ye Jiting and Yang Ningen completed the acquisition of 8.86% stake in Ningbo Sunlight Electrical Appliance Co., Ltd. (SZSE:002473) from Apple (H.K.) Electrical Limited on September 10, 2015.